Google to invest $550mn in JD.com
The investment gives Google 27.1mn new Class A ordinary shares, aff...
Google is to invest $550mn in Chinese e-commerce firm JD.com, it has been announced.
The investment gives Google 27.1mn new Class A ordinary shares, affording the tech giant a stake of under 1% in its Asian partner. The companies have expressed that further than the $550mn, the deal also indicated a wider partnership.
The deal shows Google’s increasing commitment to expansion in Asia and competition with Amazon, which is also growing in the region.
JD.com will have its products promoted on Google’s shopping service and hopes the partnership will aid its expansion across the US and Europe.
As Google’s services remain blocked in China, there won’t be any particular new initiatives by Google in JD’s home country at this time, according to Reuters.
JD.com’s Chief Strategy Officer, Jianwen Liao, said in a statement: “This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world.”
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.