TechTaffy

tech:

taffy

Google investing $550 million in Chinese e-commerce company JD.com

By TechTaffy Desk

Google is investing over half a billion dollars in Chinese e-commerce player JD.com. “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,” said Karim Temsamani, president, Asia-Pacific Operations of Google, in a blog post. JD.com is also joining Google Shopping as part of the partnership.

The Asia-Pacific region is one of the largest and fastest growing e-commerce marketplaces in the world, says Google. People in Southeast Asia alone are expected to spend $88.1 billion online by 2025.

Read a post by Karim Temsamani, president, Asia-Pacific Operations of Google, on the investment here: https://www.blog.google/topics/google-asia/partnering-jdcom/

[Image courtesy: JD.com]

Just in

Around the web

Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison — Gizmodo

Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, writes Maxwell Zeff in Gizmodo. 
AI

CoreWeave raises $1.1B

CoreWeave, a specialized cloud provider for AI, has secured $1.1 billion in new funding.
Fundings

StepSecurity raises $3M

Seattle, WA-based cybersecurity startup StepSecurity has closed a $3 million seed funding round.
Around the web

Microsoft’s latest Windows update breaks VPNs, and there’s no fix — PCWorld

Microsoft said this week that the most recent Windows security update for Windows 10 and Windows 11 may break VPN connections, writes Mark Hachman in PCWorld.
Others

CPS Energy to standardize mission critical technologies on Oracle Cloud

Oracle announced that CPS Energy, the largest community-owned provider of electric and natural gas services in the United States, plans to standardize its mission critical technologies on a single Oracle cloud platform.