Google to invest $550 million in JD.com
Companies to explore joint development of retail solutions to enable helpful, personalized and frictionless
shopping experiences in several regions including Southeast Asia, the U.S. and Europe
JD.com to join Google Shopping and offer a curated selection of
high-quality products to consumers across multiple regions
BEIJING, June 18, 2018 (GLOBE NEWSWIRE) -- JD.com, Inc., China’s leading technology-driven e-commerce company, and Google,
announced today that Google will invest $550 million in cash in JD.com as part of a strategic partnership.
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. 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 also plans to make a selection
of high-quality products available for sale through Google Shopping in multiple regions.
“This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers
throughout the world,” said JD.com’s Chief Strategy Officer Jianwen Liao. “This marks an important step in the process of
modernizing global retail. As we celebrate our June 18 anniversary sale, this partnership opens a new chapter in our history.”
"We are excited to partner with JD.com and explore new solutions for retail ecosystems around the world to enable helpful,
personalized and frictionless shopping experiences that give consumers the power to shop wherever and however they want,” said
Google Chief Business Officer Philipp Schindler.
Under the agreements, Google will receive 27,106,948 newly issued JD.com Class A ordinary shares at an issue price of $20.29 per
share, equivalent to $40.58 per ADS, based on the volume-weighted average trading price over the prior 10 trading
days.
About JD.com
JD.com is China’s leading technology-driven e-commerce company. Its cutting-edge retail infrastructure enables consumers to buy
whatever they want, whenever and wherever they want it. The company has opened its technology and infrastructure to partners,
brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of
industries. JD.com is the largest retailer in China, a member of the NASDAQ100 and a Fortune Global 500 company.
About Google
Google's mission is to organize the world's information and make it universally accessible and useful. Through products and
platforms like Search, Maps, Gmail, Android, Google Play, Chrome and YouTube, Google plays a meaningful role in the daily lives of
billions of people and has become one of the most widely-known companies in the world. Google is a subsidiary of Alphabet Inc.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,”
“expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other
things, the quotations from management in this announcement are or contain forward-looking statements. JD.com may also make written
or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its
annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors
or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and
expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not
limited to, those included in JD.com’s filings with the SEC. All information provided in this press release and in the attachments
is as of the date of this press release, and JD.com undertakes no obligation to update any forward-looking statement, except as
required
CONTACTS:
JD.com
Investor Relations
Ruiyu Li
+86 (10) 8912-6805
IR@JD.com
Media
Josh Gartner
Press@JD.com
Google
Taj Meadows
+65.9817.2693
Press@google.com (Global); Apac-press@google.com (Asia)
