China’s JD to spin off JD cloud and AI business

March 31 (Reuters) – Chinese e-commerce firm JD.com Inc said on Wednesday it will spin off JD Cloud and artificial intelligence business along with certain assets, valued at 15.7 billion yuan ($2.40 billion)to JD Digits. (bit.ly/3dkKavz) ($1 = 6.5532 Chinese yuan renminbi) (Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)