JD.com, Intel to set up online innovation lab
China’s e-commerce giant JD.com Inc signed a framework agreement with Intel Corp to set up a joint innovation laboratory to explore “real sense” shopping online.
The two Nasdaq-listed firms will develop applications such as 3D product display and visual fitting rooms for Jingdong’s retail website JD.com, according to the agreement.
Other collaborative projects in the pipeline for the next two years include smart hardware as well as plans to develop tailor-made servers for corporate customers to help them promote online sales of their products.
JD.com Inc is one of four Chinese firms in the world’s top 10 Internet companies by market value. It moved online in 2004, selling consumer electronics, computers and books. Now it has 25 million registered users and 6,000 suppliers nationwide. By the end of 2013, JD.com Inc had 82 warehouses in 34 cities, almost 1,500 delivery terminals in 460 cities, and 209 locations for customers to pick up their orders.