JD Group

Print Updated: 2019-05-13

The Sanya Municipal People's Government and JD Group signed a strategic cooperation framework agreement in March 2018. The two sides will cooperate in town construction, modern intelligent logistics, cloud computing, e-commerce tourism, blockchain traceability technology, Internet talent cultivation and e-commerce precision poverty alleviation, and will jointly build the Sanya JD Intelligent Town.

The total investment of the Sanya JD Intelligent Town will be about 11 billion yuan ($1.64 billion). In line with the agreement, while constructing the town, JD Group will settle JD Cloud and related businesses in the Sanya High-tech Industrial Park, and build Sanya into an intelligent city integrating cloud computing, big data, “Internet plus” applications, and modern services.

JD Group initiated e-commerce business in 2004. In May 2014, JD Group was officially listed on the Nasdaq Stock Exchange, becoming the first large-scale integrated e-commerce platform in China to go public in the US. In July 2018, it was selected into the Fortune Global 500 list for the third time, ranking No 181.

As emerging technology industries will fuel the future development of Sanya, the city is now trying to attract high-quality investors to invest in deep-sea technology and the Internet information industry, and is creating new economic growth poles. This strategic cooperation is an important measure taken by Sanya to develop emerging technology industries and expand growth momentum.

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