E-commerce company JD.com has agreed to purchase a 10% stake in cloud-based software provider Kingdee as part of a strategic collaboration agreement.
E-commerce company JD.com agreed to invest HK$1.3bn ($168m) in China-based cloud-based software provider Kingdee International Software yesterday, in return for a stake sized at approximately 10%.
Founded in 1993, Kingdee produces cloud-based enterprise resource planning software, providing a suite of integrated business management applications such as marketing and sales, and inventory management.
JD.com and Kingdee plan to establish a strategic partnership to supply the software to small and medium-sized enterprises by integrating it into JD.com’s e-commerce and logistics services.
The…
