JD to partner Xiangtan

Source: Xinhua | 2018-04-10

JD.COM said it will invest 10 billion yuan (US$1.6 billion) in Hunan Province’s Xiangtan.

It has also signed a strategic cooperation deal to enhance its initiatives in the city in logistics, cloud computing, driverless vehicles and robotic couriers.

The setting up of a demonstration base for “Internet Plus” initiatives such as cloud computing, artificial intelligence, and financial services has also been planned, as well as supportive measures for Xiangtan to develop its own digital economy.

The Xiangtan government will also combine the two sides’ resources to build a logistics network to allow local agricultural product vendors to sell their merchandise to shoppers all around the country.

The two parties will also jointly set up a smart manufacturing innovation center, while the JD will help with the deployment of Xiangtan’s modern agricultural strategy.

JD’s chairman and CEO Liu Qiangdong said in a statement that the rich talent pool and strong entrepreneurship in Hunan are offering growth opportunities for new economic formats and technologies.