Google Strengthens E-commerce Presence With JD.com’s Joybuy | Zacks.com

Google continues to build momentum in the e-commerce market with the aid of partnerships with online as well as offline retailers across the world.The search giant and JD.com (JD – Free Report) , a Chinese e-commerce company, have strengthened their ties with JD.com opening an online store, Joybuy, on Google’s shopping site, Google Express. Notably, the new store stocks products within $100 from consumer electronics category like electric kettles, battery chargers, dashboard phone mounts to name a few.We believe the latest move seems to a be a win-win situation for both the companies. JD.com with its new store is likely to get a direct exposure to U.S. online retail space which will enable it to expand market size.Meanwhile, the store will surely expand Google’s presence in the e-commerce market. Further, it is likely to strengthen the company’s hold in China

Source: Google Strengthens E-commerce Presence With JD.com’s Joybuy – March 6, 2019 – Zacks.com