JD to make $1.6b technology investment in Hunan

BY  | FROM chinadaily | 2018-04-09 09:57



  The country's second-largest e-commerce site, JD.com, will invest 10 billion yuan ($1.6 billion) in Xiangtan, Central China's Hunan province, to promote the establishment of an intelligent logistics and delivery system, as well as industrial bases involved in cloud computing and big data.

  JD inked a strategic partnership agreement with the Xiangtan government on Sunday, a move to boost the sustainable development of local society and economy. Liu Qiangdong, JD's chairman and CEO, said the company will donate 10 million yuan to Xiangtan University, and the two sides will jointly set up a fellowship to help students from poor families and impel the development of local education industry.

  "We will increase investment in Hunan province and ramp up efforts in the construction of local intelligent logistics, cloud computing and big data industrial bases, as well as boost unmanned vehicles and delivery robots," Liu said.

  The e-commerce giant will increase input into new energy vehicles for delivery services, drones, unmanned vehicles and other logistics infrastructure, to enhance delivery and distribution efficiency in Xiangtan.

  In addition, JD will boost the digital transformation of the local tourism industry by virtue of its advantages in cloud computing, big data and artificial intelligence technologies, as well as the sales of green and high-quality agricultural products. It also plans to cooperate with local government to build up an intelligent manufacturing and innovation center.

  Liu said in early March that the booming e-commerce sector is playing an important role in shaking off poverty in rural areas, as it can better bridge supply and demand with its technological and marketing advantages, and channel rural agricultural products directly to meet urban needs.

      Financial Times

    • Fed fears market misreading of guidance
    • The US Federal Reserve is keen to revamp its forward guidance about future interest rates but terrified of a market misunderstanding, according to the minutes of its September meeting


    • Asian shares rebound after Fed renews dovish credentials
    • Asian shares bounced back and the dollar fell on Thursday after minutes of the U.S. Federal Reserve's latest policy meeting showed policymakers have some concerns about downside risks to the global economy and the dol...


    • Nigeria succeeds at containing Ebola
    • People here are shaking hands again, kissing, hugging, touching. These days, shops are open, people are working, and children are finally going back to 
    Chinese Dictionary: