JD to make 10 billion yuan investment in Xiangtan, Hunan

Editor:Sharon Lee
Updated:2018-04-09 09:50:29

  JD to make 10 billion Yuan investment in Xiangtan, Hunan



  Du Jiahao, Secretary of the CPC Hunan Provincial Committee and Director of the Standing Committee of Hunan Provincial People’s Congress, met with Liu Qiangdong, chairman and chief executive officer of the second-largest Chinese e-commerce firm JD.com, April 7,in Changsha City, Hunan Province.


  JD inked a strategic partnership agreement with the Xiangtan government on Sunday, a move to boost the sustainable development of local society and economy, April 8.


  JD will invest 10 billion yuan ($1.6 billion) in Xiangtan, 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.


  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.


  JD 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.


  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.


  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 also came to Gaoqiao Village on the southeast side of Yisuhe Town in Xiangtan County, and he told the local residents that his ancestral home was there.