March 31 - 12:03
17D
China's JD sells its cloud and AI business to fintech unit
Chinese e-commerce firm JD.com Inc announced that it has sold JD Cloud and artificial intelligence business to its financial technology unit for $2.4bn. JD Digits will take JD.Com's stake in the company to about 42%. The plans for the transaction were originally revealed last December. JD.Com also recently spun off its health unit and listed it on the Hong Kong stock exchange.
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