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

By Reuters Staff

1 Min Read

March 31 (Reuters) – Chinese e-commerce firm 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. ( ($1 = 6.5532 Chinese yuan renminbi) (Reporting by Chavi Mehta in Bengaluru; Editing by Shinjini Ganguli)


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Reuters Staff