The Asia-Pacific region is one of the largest and fastest growing ecommerce marketplaces in the world. People in Southeast Asia alone are expected to spend $88.1 billion online by 2025. These consumers in Asia-Pacific are ready to buy, but hard to please. The growth of access to the internet and online retail has led to rising expectations for top-notch experiences at every step of the shopper’s journey.
That’s why we’re excited to announce a new strategic partnership with JD.com, one of the world’s leading ecommerce companies. As part of this partnership, we will invest $550 million in JD.com. We want to accelerate how retail ecosystems deliver consumer experiences that are helpful, personalized and offer high quality service in a range of countries around the world, including in Southeast Asia. By applying JD.com’s supply chain and logistics expertise and our technology strengths, we’re going to explore new ways retailers can make shopping effortless for their consumers, giving them the power to shop wherever and however they want.
As part of our partnership, JD.com will also join Google Shopping and bring a selection of their high-quality products to consumers in multiple regions around the world.
We’re thrilled to partner with JD.com to explore new opportunities to make online shopping even easier for consumers around the world.