Chinese e-commerce giant JD.com announced Monday that it has secured a $550 million investment from Google as part of a new strategic partnership between the two leading technology companies.

Google will acquire approximately 27.1 million newly issued JD.com Class A common shares at an issue price of US$20.29 per share.

According to JD.com's statement, the two companies will jointly explore retail in regions around the world, including Southeast Asia, the United States and Europe.

The bilateral partnership will combine JD.com's supply chain and logistics advantages with Google's technological strengths.

JD.com also plans to make a selection of products available for sale through Google Shopping in multiple regions around the world.

The two parties will jointly explore and develop solutions for next-generation retail infrastructure to provide consumers with valuable, individualized, smooth, fast and convenient shopping experiences.

JD.com, a leading e-commerce platform in China, is celebrating its annual online shopping festival, with orders worth 127.5 billion yuan ($19.83 billion) from June 1 to just after midnight Monday morning.

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