JD Cloud Partners with VSTECS for Overseas Markets

BEIJING,Sept. 6,2018 -- On September 5,2018,VSTECS (00856.HK) and JD Cloud announced astrategic partnership. Both companies agreed to combine their resources to boost application,promotion and development of cloud computing and related services in China and overseas markets.

Liu Ningdong,CEO of VSTECS China and Wang Peinuan,Vice President of JD Group and head of Strategic Cooperation of JD Cloud were signing an agreement,witnessed by Zhou Yibing,Vice President of VSTECS Group and Chairman of VSTECS China and Samuel Shen,President of JD Cloud

In H1 2018,JD Cloud,JD Group's all-platform integrated cloud computing service provider,completed iteration of V4.0,independently developing 108 products and services in over 10 categories. So far JD Cloud has accumulated over 2,500 enterprise-class partners and 330,000 registered users. Constantly optimizing its technologies and services,JD Cloud is marching towards its greater goal - going global,while partnering with VSTECS is a crucial step as an effective ecosystem is a must for this goal.

VSTECS and JD Cloud concluded a strategic partnership agreement

VSTECS is the largest technology product solution and supply chain service platform in Asia Pacific,with a service network covering nine countries including China,Singapore and Malaysia,reaching 1.8 billion people via its 45,000 channel partners. In overseas markets,VSTECS is advantageous in supply chain,one-stop services,capital,storage,logistics,brand and offline & online services. With extensive regional coverage and strong market expansion capability,VSTECS matches well with JD Cloud in resource and positioning,especially its overseas market expansion capability that fuels this partnership.

Signing ceremony of strategic partnership between VSTECS and JD Cloud

Under this strategic partnership,VSTECS and JD Cloud agree to:

1. Conduct in-depth cooperation in cloud computing,big data,AI,commerce and trade,technology,finance,e-commerce,group purchase,construction and operation of data centers,industry incubation and talent cultivation,and prioritize introducing each other's products and solutions.

2. Select each other as primary supplier and channel agents.

3. Select each other as primary strategic partners for innovative services.

"JD Cloud is very capable of technological innovation. Taking VSTECS' advantages in the channel and market coverage,plus its customer resources and industry practices accumulated over the years,this cooperation will bring users better cloud services and lead the future of cloud computing with JD Cloud in Asia Pacific," said Zhou Yibing,Vice President of VSTECS Group and Chairman of VSTECS China at the signing ceremony.

"VSTECS makes full use of cutting-edge technologies like cloud computing,big data and AI to boost service innovation. We are pleased to work with such like-minded partners as VSTECS to continuously create value for customers," said Samuel Shen,President of JD Cloud.

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