Google to invest $550 million in China's

Automated warehouse. Photo:

Google has agreed to invest $550 million into Chinese online retail giant as part of a strategic global partnership that will also include offering many of the latter's products via Google Shopping in certain regions.

Why it matters: For Google, teaming up with a major Chinese company can potentially help it enter the Chinese market someday, as well as give it a leg up in certain markets in Asia. For, the deal allows it to expand its business to regions where it may be less known and compete with Amazon.

Go deeper: A warehouse with just four people.