According to TechCrunch news, after e-commerce giant Jingdong announced its cooperation with Silicon Valley Technology Incubator Plug and Play, it will seek cooperation with promising US start-up companies and further expand its influence in Silicon Valley. Jingdong said that in the future, it will cooperate with Plug and Play as a whole and face Silicon Valley startups to share a wide range of technologies including artificial intelligence, cloud computing, and intelligent supply chain technology, and jointly launch a new series of products to further tap into its extensive Chinese market. . Jingdong supports new projects that will cover startups in multiple fields and industries, especially companies in the public domain such as robotics, artificial intelligence, AR/VR, and cloud computing. Plug and Play will be responsible for the selection of cooperation projects and will join hands with Jingdong to provide professional knowledge, guidance, and technology. In addition, there will be opportunities to deliver its services directly to the Chinese consumer market through Jingdong’s sales network. It is understood that in 2016, Jingdong's total merchandise trade was 658.2 billion yuan (about 100 billion US dollars). In 2014, Jingdong was listed on Nasdaq and currently has a market value of US$53 billion. In 2015, the company established its first office in Silicon Valley, focusing on R&D. This year, Jingdong has increased its investment focus in overseas markets, especially in the Southeast Asian market. The company has invested in Go-Jek, Pomelo, and Traveloka, and has also started to pay close attention to US start-ups. “JD.com believes that innovation will not only benefit new companies but also support the competition of traditional industries in today's environment. We look forward to finding and working with like-minded startup companies in the United States,†said Dr. Liao Jianwen, chief strategy officer of Jingdong, in an announcement. "We hope to unleash the potential of the next-generation companies by working with Plug and Play to help them succeed in the United States and China." "Cooperating with Jingdong, one of the most important technology companies in China, will enable startups to obtain huge innovative resources, and at the same time, they can also help them obtain tremendous help in the Chinese market," said CEO and founder of Plug and Play. Saeed Amidi added.
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