E-commerce giant to invest $3.1 billion to boost northeast China

Liu Qiangdong, chairman of e-commerce giant JD.com, says his company will invest over 20 billion yuan ($3.1 billion) to boost the economy in northeast China by promoting industrial upgrade, creating new jobs, and improving retail services, Beijing-based news.ynet.com reported.

Liu is full of confidence that his group will play a role in revitalizing northeast China. Earlier this week, Liu met with officials from the three northeastern provinces and discuss details about future cooperation with them.

JD also signed a strategic agreement with Heilongjiang Beidahuang Agriculture Company Limited based in Harbin, the capital city of Heilongjiang province.

The two companies agreed to boost the use of unmanned aerial vehicles, or drones, for delivery in Heilongjiang. They also plan to apply drones to agricultural management.

JD’s development model is highly in line with the national strategy of revitalizing northeast China, which clearly states to actively implement the Internet Plus Action Plan, promote e-commerce, boost the chains of supply and demand, and advance modern agriculture in northeast China.