Kingdee Announces Strategic Investment from to invest US$171 million in Kingdee

May 17, 2015, 21:32 ET from KINGDEE

HONG KONG and BEIJING, May 17, 2015 /PRNewswire/ -- Kingdee International Software Group Company Limited (Stock Code: 00268.HK) and, Inc. (Nasdaq: JD), the largest online direct sales company in China, today jointly announced that they have entered into a definitive agreement, under which will invest HK$1.3 billion (approximately US$170 million) in cash in consideration for an approximately 10% stake in Kingdee. In addition, Kingdee and plan to enter a strategic partnership under which they will collaborate on providing small and medium-sized enterprises with integrated ERP solutions through a cloud service.

The purchase price will be HK$4.60 per share, representing the average closing price of Kingdee's shares for the 15 trading days prior to the signing of the agreement.

"We are delighted to be partnering with, which has developed industry-leading proprietary e-commerce and logistics technologies," said Shaochun Xu, Kingdee Chairman and CEO. "This is a key milestone in Kingdee's development history. We will take this opportunity to leverage both companies' large customer and user bases, accelerate the development of Kingdee's cloud offering and expand our one-stop shop cloud services. Collaboration with will further allow Kingdee to take our enterprise solutions to the next level by integrating's e-commerce and logistics vertical solutions. This planned strategic partnership will position us to provide leading cloud-based ERP solutions and continue to lead the enterprise mobile Internet market for years to come. "

"As one of the leading providers of enterprise solutions in China with a large SME customer base and worldwide reputation for excellence, Kingdee is an ideal partner to take advantage of's advanced e-commerce and logistics IT solutions," said Richard Liu, Founder and CEO of  "We are excited to explore the integration of our best-in-class e-commerce and logistics systems with Kingdee's leading ERP solutions, and migrate an integrated package to an enterprise cloud solution to better serve the growing demand in China's enterprise solutions market."

The transaction is expected to close in the second quarter of 2015, subject to customary approvals and closing conditions.

About Kingdee International Software Group Company Limited

Kingdee International Software Group Company Limited ("Kingdee" or the "Group"; Stock Code: 00268.HK) was founded in 1993 and headquartered in Shenzhen, PRC. With "Let Data Creates Values" as its mission, 'Build the Biggest Enterprise Big Data Cloud in China' as its vision and 'Walk on ZHENGDAO (right track) and Walk by WANGDAO (noble way)' as its core values, "User-first, Small, Beauty, Fast" product and service belief, the Group provides software products and Cloud services for over four million corporates, hospitals and government organizations and for over fifty million users worldwide. Kingdee was named as the leader in the SME ERP market in China for the tenth consecutive year.

About, Inc, Inc. is the largest online direct sales company in China. The Company strives to offer consumers the best online shopping experience. Through its content-rich and user-friendly website and mobile applications, offers a wide selection of authentic products at competitive prices and delivers products in a speedy and reliable manner. The Company has the largest fulfillment infrastructure of any e-commerce company in China. operated 7 fulfillment centers and a total of 143 warehouses in 43 cities, and in total 3,539 delivery stations and pickup stations in 1,961 counties and districts across China, staffed by its own employees.

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