Google has announced a multi-million pound investment in THG Ingenuity, the technology and logistics division of British e-commerce group THG. The deal is structured as a convertible instrument that could give Google a small equity stake in THG Ingenuity at a valuation of approximately $1 billion. This investment deepens an existing partnership between the two companies. It is part of a broader collaboration to integrate Google Cloud's AI and data analytics products with THG Ingenuity's global e-commerce fulfillment services. The partnership will see THG Ingenuity's services listed on the Google Cloud marketplace and the co-development of new products leveraging Google's Vertex AI and Gemini platforms. By combining Google Cloud's technological prowess with THG's established logistics network, the collaboration aims to offer enhanced, scalable e-commerce solutions for brands worldwide. No immediate market reaction analysis was available in the initial reports of the investment.