Morning Brief: Google to invest $550M in Chinese e-commerce giant

Monday, June 18, 2018

< Google to invest $550 million in Google(,)will invest$550 million in Chinese e-commerce powerhouse, part of the U.S. web giant & rsquo; s efforts to broaden its presence in fast-growing Asian markets and fight rivals including Amazon. The 2 business explained the investment as one piece of a broader collaboration that will include the promo of products on Google’& rsquo; s shopping service. [Reuters]

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