China's JD spins off cloud and AI businesses to fintech unit

China's JD spins off cloud and AI businesses to fintech unit

5 years ago
Anonymous $hYN7Hy7o7J

https://www.reuters.com/article/us-jd-com-divestiture/chinas-jd-spins-off-cloud-and-ai-businesses-to-fintech-unit-idUSKBN2BN1KM

Chinese e-commerce firm JD.com Inc said on Wednesday it had sold JD Cloud and artificial intelligence business to its financial technology unit for a combined valuation of 15.7 billion yuan ($2.40 billion).

China's JD spins off cloud and AI businesses to fintech unit

Mar 31, 2021, 11:40am UTC
https://www.reuters.com/article/us-jd-com-divestiture/chinas-jd-spins-off-cloud-and-ai-businesses-to-fintech-unit-idUSKBN2BN1KM >Chinese e-commerce firm JD.com Inc said on Wednesday it had sold JD Cloud and artificial intelligence business to its financial technology unit for a combined valuation of 15.7 billion yuan ($2.40 billion).