Thursday, 21 June 2018

Port Technology: Google Spends $500 Million on Next-Gen Retail with

Port Technology
Google Spends $500 Million on Next-Gen Retail with

 20 Jun 2018 03.02pm
Google has agreed to combine its technology strengths with the supply chain and logistics expertise of and invest US$ 550 million in cash into the Chinese e-commerce giant.

As part of a strategic partnership to collaborate on next-generation retail solutions in a range of regions around the world, including Southeast Asia, the US and Europe, Google and will explore how to offer helpful, personalized and frictionless shopping experiences. also plans to make a selection of high-quality products available for sale through Google Shopping in multiple regions.
Read a Port Technology technical paper about how e-commerce demands are driving a new era of port technology, authored by Tommy Barnes, President, project44

Jianwen Liao, Chief Strategy Officer at, said: “This partnership with Google opens up a broad range of possibilities to offer a superior retail experience to consumers throughout the world.

“This marks an important step in the process of modernizing global retail. As we celebrate our June 18 anniversary sale, this partnership opens a new chapter in our history.”

Philipp Schindler, Google Chief Business Officer "We are excited to partner with and explore new solutions for retail ecosystems around the world to enable helpful, personalized and frictionless shopping experiences that give consumers the power to shop wherever and however they want.”

Under the agreements, Google will receive 27,106,948 newly issued Class A ordinary shares at an issue price of $20.29 per share, equivalent to $40.58 per ADS, based on the volume-weighted average trading price over the prior 10 trading days.
Read more:

    Google opened an AI research centre in China
    Google’s artificial intelligence programme surpassed the limits of human ability in chess

  Finance, Global Economy/Trade, Shipping

Subscribe to our Newsletter

I would like to:
Receive News content (Daily and Weekly newsletter)
Receive Technical Papers
Hear about events
Be contacted by preferred partners contacts

 I consent to Port Technology International collecting and storing my data from this form.
By submitting your details, you are accepting these Terms & Conditions and agreeing to our Privacy and Cookies policies. You can opt out of these communications at any time.
Related News

    No related articles found

Most Popular

      Video Captures Vessels Colliding at Port in Taiwan
      Port of Antwerp Applies Blockchain to Cargo Documentation
      Konecranes Launches Avolution of Intermodal
      New Port of Felixstowe System Causes Delays
      Friday Focus: Will 3D Printing Impact Global Trade?
      FEPORT and PEMA Start Industry 4.0 Committee
      Bulk Carrier Nearly Hits Breakwall in US Harbour
      Autonomous Navigation Passes Tough Test
      ‘Free Ports’ to Give UK $9 Billion Boost?
      INTTRA Hits Four Million Shipping Processes in One Month

All contents © copyright Maritime Information Services Ltd. All rights reserved. Terms & Conditions | Privacy Policy | Accessibility
Share this selection


No comments: