The fintech vehicle of Chinese e-commerce giant JD.com has entered a new strategic partnership with a subsidiary of Beijing-based software company Tsinghua Unisplendour.
On 7 September JDD (京东数字科技集团) executed a strategic cooperative agreement with New H3C Technologies Co., Ltd. (新华三集团), a Tsinghua Unisplendour subsidiary.
Under the Agreement the two parties will “make full use of their technological and resource advantages to engage in in-depth cooperation in areas including financial distributed core systems and financial scenario AI applications, and jointly drive the implementation and growth of fintech operations.”
New H3C bills itself as a provider of “one-stop digital solution plans and end-to-end technical services,” including cloud computing, big data, artificial intelligence, the Industrial Internet of Things, information security, smart links and edge computing.
The new cooperative partnership will see JDD integrate its financial-grade PaaS and mobile development platform, smart risk control solution plan, smart sales solution plan, and AI robotics products and services with New H3C’s financial cloud IaaS products, with the goal of providing “one-stop financial digitisation solution plans” to cooperative partners.
JDD (formerly “JD Finance”) was founded in October 2013 by JD.com head Richard Liu Qiangdong, and is backed by investors including Sequoia China and Matrix Partners China.