JD sets up a store on Google Express
JD.com (JD) has started selling on Google’s (GOOGL) online shopping platform, Google Express, according to Reuters. Through the Google Express store, Joybuy, JD sells a range of commodities such as electronics and kitchen appliances.
Last year, JD received a $550 million investment from Google. The companies also struck an agreement for Google to help JD extend its global reach. The store launch on Google Express seems to build on that agreement.
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Other major retailers that have tapped Google Express to extend their digital reach to keep up with Amazon (AMZN) include Walmart (WMT) and Target (TGT). However, Walmart, also an investor in JD, has since withdrawn from Google’s shopping platform.
In the fourth quarter, JD’s revenue rose 22.4% YoY (year-over-year) to $19.6 billion. Meanwhile, Alibaba’s, Amazon’s, and eBay’s (EBAY) grew 41%, 20%, and 6.0% YoY, respectively.