20 June, 2018
Skadden is advising JD.com, China's leading technology-driven e-commerce company and its largest retailer, in its strategic transaction with Google Shopping. Google will invest US$ 550 million in cash as part of a strategic partnership.
Google and JD plan to collaborate on a range of strategic initiatives, including joint development of retail solutions in a range of regions around the world, including Southeast Asia, the U.S. and Europe.
Under the agreements, Google will receive 27,106,948 newly issued JD.com 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.
