SHANGHAI, March 26, 2021 /PRNewswire/ -- Molecular Data
Inc. ("Molecular Data" or the "Company") (Nasdaq: MKD), a leading
technology-driven platform in China's chemical industry, today announced
that it has signed a cooperation agreement with UCloud Technology
Co., Ltd. ("UCloud", stock code: 688158), the first China listed company in cloud computing.
The two parties will integrate their respective high-quality
resources and jointly launch industry solutions and service systems
to help Digital and intelligent transformation; including upgrading
of chemical, medical, new materials and other industries.
This move to address the inadequacies faced in the various
industries will also include deploying Blockchain solutions
accordingly.
Hua Kun, the co-founder and COO of UCloud, Jiang Jianbiao, the
head of expansions cooperation of UCloud, and senior management
from Molecular Data attended the signing ceremony.
UCloud is a neutral and secured cloud computing service
platform. The company has an in-depth understanding of the business
needs of traditional industries in different scenarios, and
provides comprehensive industry solutions including public cloud,
hybrid cloud, private cloud, and proprietary cloud.
Molecular Data's senior management introduced that driven by the
new energy industry, new materials industry and the new economy,
the chemical industry has entered a new stage of refinement,
digitalization and diversification. However, the overall IT
technology and digitization capabilities of the chemical industry
remains weak.
Molecular Data hopes to work with UCloud; using leading
companies in the chemical industry as a benchmark, where both
parties will jointly create a full value chain and bring
comprehensive solutions for the vertical segmentation of the
chemical industry.
Hua Kun, co-founder and COO of UCloud, said: There is a lot of
room for digitalization in the chemical industry. The chemical
industry has high requirements including the security of IT
architecture, and at the same time it must meet the requirements of
simplicity, ease of use, and convenience in both operations and
maintenance.
UCloud has the ability to provide chemical companies with cloud
services and integrated software and hardware delivery solutions.
UCloud will utilize Molecular Data's application services and
data systems in the chemical industry to jointly provide products
and solutions to help the digital transformation and upgrading of
the chemical industry.
At present, the joint product team established by Molecular
Data and UCloud has focused on the two key directions. Firstly
in the digitalization of leading enterprises in the industry and
secondly, the upgrading of the industry's cross-border transaction
system.
SOURCE Molecular Data Inc.