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Google quits e-commerce in China, Jingdong eyes cloud – Retail in Asia

Retail in Asia

In Trends

Google quits e-commerce in China, Jingdong eyes cloud

Google last week announced it will formally shutter its China-based e-commerce search service, saying it was failing to gain traction. At the same time, domestic players Jingdong Mall and Suning are continuing their aggressive expansion, with the former pouring big new money into cloud-based services as the latter launches a major initiative based in its new chain of brick-and-mortar superstores.

The common theme to all of these news bits is that e-commerce remains an incredibly competitive business in China, and is likely to remain that way for at least the next year or two until cash-rich companies fighting for supremacy in the space finally tire of losing massive amounts of money.

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