Chinese e-commerce giant takes aim at rival leader Alibaba in cloud as China market heats up

  • 📰 CNBC
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

JD.com, a major Chinese e-commerce company, is looking to become the technology platform of choice for U.S. customers in a cloud computing market dominated by Alibaba.

for its claim to one-day or next-day delivery service, which helped drive a year-on-year increase of 18.6% to 362 million annual active customer accounts in 2019. Bernstein analysts also upgraded the stock to "outperform" on March 17, noting how JD's in-house logistics network kept operating throughout the Lunar New Year and the coronavirus' hit to the economy.

The Beijing-based company is now trying to build on that delivery and retail network with a new line of business in technology services, which covers logistics, advertising and cloud computing. "From last year, our new clear direction at JD was to serve the company based on the foundation of supply chain ," Bowen Zhou, chair of JD's technology committee and president of JD Cloud & AI, said in an interview with CNBC on March 20. That's according to a CNBC translation of his Mandarin-language remarks.

"When we look at the direction of our future operations, technology and services is a core engine of growth," Zhou said.Zhou said JD aims to work with Fortune 500 companies that want to grow their operations in China, as well as help U.S. and European technology companies' products enter China.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Makeshift masks are better than no masks at all. 1 Makeshift masks can be made with following: 2 red thick rubber bands Several paper towels scotch taped together top and bottom and the sides( one of many methods) then sharp knife or screw driver to punch holes for rubber bands.

Now. What is ur obsession with a group of ppl that have NO common sense?

China companies will make all Western companies bankrupt China will dominate

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines