JD.com fired a major salvo at its main Chinese online retail rival this week, with the announcement of a partnership between US content-delivery-network services provider Cloudflare and its JD Cloud & AI business unit.
Through its partnership with JD Cloud & AI, Cloudflare will establish 150 new data centres in mainland China, up from 17 such facilities at present, to help global enterprises do business in China and domestic companies expand overseas, according to a joint statement from the two firms on Tuesday. Investment details were not provided.
During the final quarter of 2019, Cloudflare’s sales accelerated from the pace set during the first nine months of the year. Revenue increased 51% to $83.9 million, and adjusted gross profit also grew as the company added more customers to its lineup of cloud-based web delivery and security services. In total, Q4 helped Cloudflare notch a 49% increase in revenue in its first year as a public concern, and adjusted net losses for full-year 2019 were $69.5 million compared with $59.5 million in losses in 2018 as cash was funneled back into the business to maximize growth.