|Bid||0.00 x 1100|
|Ask||0.00 x 3200|
|Day's range||41.37 - 42.72|
|52-week range||34.76 - 50.68|
|PE ratio (TTM)||338.86|
|Earnings date||13 Aug 2018 - 17 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||48.42|
While Alphabet’s (GOOGL) Google search engine and Play Store have been blocked in China for years now, Google has slowly been increasing its footprint in the world’s second-biggest economy. Google has opened up offices in the country, including an AI hub. On June 18, Google announced it is investing as much as $550 million in Chinese e-commerce company JD.com (JD), Alibaba’s (BABA) competitor, by purchasing JD.com stock.
MAY 29: A Chinese webcasting hostess uses a smartphone to make a live webcast during the Douyu festival on May 29, 2017 in Wuhan China. Just as China sets the world pace in e-commerce, it's doing the same for live streaming. More than 100 million viewers watch a live online video event every month, according to digital brand researcher L2.
SHANGHAI—Alphabet Inc.’s Google unit is investing $550 million in Chinese online retailer JD.com Inc., a move that will deepen its ties with China and ramp up its rivalry with Amazon.com Inc. The deal, which according to a JD spokesman gives Google a 1% stake, will help both companies expand their retailing presence. Under the partnership, JD will start selling products on Google Shopping, reaching consumers in the U.S. and Europe as it seeks to diversify beyond China’s highly competitive e-commerce market.
The two companies described the investment announced on Monday as one piece of a broader partnership that will include the promotion of JD.com products on Google's shopping service. JD.com's U.S.-listed shares rose 0.4 percent to close at $43.76 on Nasdaq. JD.com's investors include Chinese social media powerhouse Tencent Holdings Ltd , the arch-rival of Chinese e-commerce leader Alibaba Group Holding Ltd (BABA.N), and Walmart Inc (WMT.N).
The two companies described the investment announced on Monday as one piece of a broader partnership that will include the promotion of JD.com products on Google's shopping service. JD.com's U.S.-listed shares rose 0.4 percent to close at $43.76 on Nasdaq. JD.com's investors include Chinese social media powerhouse Tencent Holdings Ltd, the arch-rival of Chinese e-commerce leader Alibaba Group Holding Ltd, and Walmart Inc.
JD.com and Google-parent Alphabet forged a wide-ranging alliance, with the U.S. internet search giant taking a small stake in the Chinese e-commerce firm.
Stifel analyst Scott Devitt wrote Monday that Google's recently announced investment in JD.com Inc. is an endorsement of the internet economy in Southeast Asia. "This transaction will better-position Google's retail efforts in the region," he said. Alphabet Inc.'s Google announced Monday that it would be investing $550 million in JD and that the two companies would begin a strategic partnership.
Stocks slid lower Monday as global markets remained rattled by the U.S.-China trade standoff. China stocks were highly active, however, led by JD.com.
Alphabet Inc.’s (NASDAQ: GOOGL) Google subsidiary announced that it will be investing $550 million in Chinese e-commerce powerhouse JD.com (NYSE: JD) in exchange for 27,106,948 newly issued Class A shares at a price of $40.58 per ADS. JD.com’s stock has responded to the news by rising more than 5% in pre-market trading, while the stock of Google’s parent company, Alphabet, is down just over 0.5%.
Google will invest $550 million in JD.com, one of China’s largest e-commence companies, as part of a strategic partnership to jointly develop markets outside of the country, the two said in a statement today. “Google and JD plan to collaborate on a range of strategic initiatives, including joint development of retail solutions in a range of regions around the world, including Southeast Asia, the U.S. and Europe,” the statement said. “By applying JD’s supply chain and logistics expertise and Google’s technology strengths, the two companies aim to explore the creation of next generation retail infrastructure solutions, with the goal of offering helpful, personalized and frictionless shopping experiences." JD, a rival of Chinese e-commerce giant Alibaba.com led by Chinese billionaire Richard Liu, also plans to sell products through Google Shopping in multiple regions, the two said.
Google is investing $550 million in cash in China’s JD.com Inc. as the U.S. search giant pushes deeper into online commerce. Alphabet Inc.’s Google will buy newly issued Class A shares at $20.29 per share, equivalent to $40.58 per ADS, the companies said in a joint statement Monday. The pair plan to explore joint development of retail solutions in regions, including Southeast Asia, the U.S. and Europe.
JD.com Founder and CEO Richard Liu told CNBC that American companies could potentially lose opportunities to sell to a large consumer base in China.
Valuations of "new economy" initial public offerings in Hong Kong are ringing alarm bells in China, with the securities regulator urging institutions to be "responsible" and professional in the book-building process, the Securities Daily reported on Friday. The China Securities Regulatory Commission (CSRC) summoned more than 200 fund houses, brokerages and insurers to a meeting in Beijing on Thursday, an article posted on the paper's website said. Attendees were asked to conduct "independent, in-depth, and objective" research before submitting price quotations for shares sold in IPOs, it said.
Shares of Alibaba Group Holding Ltd. and JD.com Inc. are up 1% and 3.5%, respectively, after Stifel analyst Scott Devitt commented on China's latest retail-sales numbers for May. Total retail sales rose ...
France’s Carrefour announced a deal this week with Google to boost its online shopping business. It is the latest in a string of partnerships between traditional food retailers and tech companies as grocery ecommerce takes off. HOW BIG IS GROCERY ECOMMERCE?
June 13 (Reuters) - Shenzhen Esun Display Co Ltd : * SAYS IT SIGNS FRAMEWORK AGREEMENT WITH JD.COM'S INFORMATION TECHNOLOGY FIRM ON E-COMMERCE RELATED PROJECTS Source text in Chinese: https://bit.ly/2t588E3 ...