JD is known in China 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. The company is now trying to build on the delivery and retail network with a new line of business in technology services, which covers logistics, advertising, and cloud computing. China is the world’s second-largest market for cloud infrastructure services, of which Alibaba Cloud accounts for 46.4% of total spend, followed by Tencent Cloud at 18%, and Baidu AI Cloud at 8.8%, as of the fourth quarter.
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