Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

JD.COM, INC.

(JD)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

JD com : Cloud & AI Partners with Digital China to Advance Cloud Service Ecosystem

04/03/2020 | 06:04am EDT

by Yuchuan Wang

Today, JD.com announced that its core technology service business, JD Cloud & AI, has signed a strategic partnership agreement with Digital China, a leading cloud service and big data application solutions provider in China. Digital China will become the agency representative of JD's public cloud service, enabling the two parties to further explore the cloud service ecosystem.

The partnership will leverage Digital China's IT network and technology capabilities to help JD further build its cloud service ecosystem. The ecosystem will have four developmental directions: sales, R&D, consultation and services, which seek to empower partners in the ecosystem with products, programs and marketing. The collaboration between JD Cloud & AI and Digital China will lead the smart cloud service system to advance the industry's overall digitization.

'Relying on JD's rich experience and technological advantages in retail, logistics and finance, JD Cloud & AI will continue to provide diversified, effective and trusted solutions and services for our clients,' said Bowen Zhou, Chair of JD's Technology Committee, President of JD Cloud & AI. 'We will fully integrate our capabilities to achieve business breakthroughs.'

'In recent years, Digital China has explored deploying cloud computing and has applied leading digital solutions in the fields of automotive, fast moving consumer goods, intelligent manufacturing, and others,' said Haiqiang Ye, Executive Vice President of Digital China. 'JD Cloud & AI has acquired profound experience in AI, Internet, big data and other cutting-edge technologies. Through our joint efforts, we will effectively promote the application of new technologies and promote the further development of digital transformation.'

As JD's fourth core business to provide technology services (apart from JD Retail, JD Logistics and JD Digits), JD Cloud & AI is one of China's top 10 public cloud IaaS providers, with a year-on-year growth of market share for cloud of 512%, the fastest in the industry.

(yuchuan.wang@jd.com)

Disclaimer

JD.com Inc. published this content on 03 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 April 2020 10:03:07 UTC


© Publicnow 2020
All news about JD.COM, INC.
12:00pFIVE YEARS OF JD PHARMACY : A Business Roadmap
PU
10:08aGLOBAL MARKETS LIVE : AT&T, GSK, Discovery, Microsoft, Tesla...
12:24aJD Logistics Launches Up to $3.4 Billion Hong Kong IPO -- Update
DJ
05/16MARKET CHATTER : China Orders Removal of 90 Apps Over Data Violations
MT
05/16JD Logistics Launches Up to $3.4 Billion Hong Kong IPO
DJ
05/16JD Logistics Seeks to Raise US$3.4 Billion in Hong Kong IPO -- Update
DJ
05/16JD Logistics Seeks to Raise Over US$3.4 Billion in Hong Kong IPO
DJ
05/14JD.COM, INC.  : quaterly earnings release
05/14JDER KELLY DAWSON : Falling in Love with Beijing's Nooks and Crannies
PU
05/13JD COM  : IPO-Bound Logistics Arm Expects Wider Losses in 2021; Shares Fall 5%
MT
More news
Financials
Sales 2021 937 B 146 B 146 B
Net income 2021 15 127 M 2 349 M 2 349 M
Net cash 2021 128 B 19 923 M 19 923 M
P/E ratio 2021 49,7x
Yield 2021 -
Capitalization 678 B 105 B 105 B
EV / Sales 2021 0,59x
EV / Sales 2022 0,46x
Nbr of Employees 314 906
Free-Float 58,7%
Chart JD.COM, INC.
Duration : Period :
JD.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends JD.COM, INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 40
Average target price 697,83 CNY
Last Close Price 439,21 CNY
Spread / Highest target 114%
Spread / Average Target 58,9%
Spread / Lowest Target 32,1%
EPS Revisions
Managers and Directors
NameTitle
Qiang Dong Liu Chairman & Chief Executive Officer
Ran Xu Chief Financial Officer
Nan Li Director-Strategy & Operations
Chi Ping Lau Independent Director
Ming Huang Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
JD.COM, INC.-22.47%105 220
AMAZON.COM, INC.-1.04%1 625 385
WAYFAIR INC.32.86%31 260
ETSY, INC.-8.32%20 732
ALLEGRO.EU SA-38.13%14 359
MONOTARO CO., LTD.-8.99%11 235