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%

United States Headlines News

United States Latest News,United States 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.

 

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

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 US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russia thanks 'real friend' Jack Ma for gift of a million masksRussia has received more than a million masks and 200,000 coronavirus testing kits as a gift from Chinese billionaire businessman Jack Ma, its Defence Ministry said on Thursday. Calling Ma "a real friend", the ministry said in a statement that the co-founder of Chinese e-commerce giant Alibaba There are no friends it's a disgrace our own allies went against the USA. With our democratic party shame on you. If you hate the USA get out. USA needs to make sure we never need to rely on any country for anything 清算共产党,刻不容缓
Source: YahooNews - 🏆 380. / 59 Read more »

PETA launches petition to shut down live animal markets that breed diseases like COVID-19The organization said wet markets like the Huanan Seafood Wholesale Market in China, where the novel coronavirus is believe to have originated, are breeding grounds for deadly diseases. That is great but China is not going to let peta demand anything except no way that is my dinner. Lonny BS
Source: Newsweek - 🏆 468. / 52 Read more »

The Great Depression Vs. Coronavirus Recession: 3 Metrics That Will Determine How Much Worse It Can GetThe Great Depression vs. the coronavirus recession: here are 3 metrics that will determine how much worse it can get by theothersarahh theothersarahh Just labeling this thing Corona recession is a lie. Tell me how the repo rate spike and the yield curve inversion we had leading into this collapse had ANYTHING to do with Covid? theothersarahh Nice comparison. 1 unrelated note to add: $Trillions are printed by Fed Reserve (private corporation) who doesn't own $Trillions and merely creating out of thin air and loaned to Gov in form of Bonds (IOUs) that gov HAS to payback... not only the Principal, but also INTEREST! theothersarahh A big difference between the two is at the start of both we had an option to do something or not do something Hoover did nothing or he left it up to Christian organizations and they did nothing for people they didn't think we're worthy.whether you like a spending money or not...
Source: Forbes - 🏆 394. / 53 Read more »

Giants' James Bradberry Taking Care Of Mom With New Contract, I'mma Retire Her!Forget fancy cars and jewelry ... the new NY Giants corner says he's taking care of Mom first!
Source: TMZ - 🏆 379. / 59 Read more »

This is the biggest lesson investors can learn from recent exchange-traded note liquidations: CIOThere are differences between ETFs and exchange-traded notes that are worth remembering. Certain ETNs liquidate during historic market swings, industry leaders say. ETFEdgeCNBC All the corona problem is because of greedy money. If stock exchange dealing is abolished for once for all, this sort of idiotic outbreaks will not happen. ETFEdgeCNBC We will survive & re-open! Anti-American Dems will pass the corporate bailout—When they’re sure USA markets are headed to test 2008 lows. The rippling damage has been done...Smart money is out & nibbling on the way down.
Source: CNBC - 🏆 12. / 72 Read more »

Deepak Chopra on Finding Peace in a Pandemic: Humanity 'Deserves to Be Saved'The wellness leader talks to The Hollywood Reporter about taking walks with his wife Rita, being mindful of panic and fear and scheduling non-virus-related calls.
Source: THR - 🏆 411. / 53 Read more »