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Google buys into Jingdong in US$550 mn mega-deal

American tech giant Google has announced a US$550 million cash injection in Chinese e-commerce firm Jingdong, forming an extensive strategic partnership, The Paper reported. According to the agreement, Google will receive about 27 million shares of Jingdong’s newly issued Class A common stock at an issue price of US$20.29 dollars per share. It means after […]