Google pours $550 million into JD.com
JD.com, Inc. (JD) is up 3.2% Monday morning on news that Google would be investing $550 million in the China’s second largest online retailer. The two companies hope the partnership will allow JD.com to overtake Alibaba as the nation’s largest e-commerce site.
JD.com, Inc. (JD) is a Chinese based e-commerce company.
PTC Therapeutics, Inc. (PTCT) and Rent-A-Center, Inc. (RCII) top the list of other companies with positive news today, while Valeant Pharmaceuticals International, Inc. (VRX) and The Boeing Company (BA) top the list of companies with negative news.
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About JD.com Inc.
JD.com is China's second-largest e-commerce company after Alibaba in terms of transaction volume, offering a wide selection of authentic products at competitive prices, with speedy and reliable delivery. The company has built its own nationwide fulfilment infrastructure and last-mile delivery network, staffed by its own employees, which supports both its online direct sales and its online marketplace businesses. JD.com launched its online marketplace business in 2010.