JD.com Partners with Plug and Play to Nurture Startups in Silicon Valley
China’s largest retailer, JD.com, today announced a partnership with the world’s largest startup accelerator and innovation center, Plug and Play, to foster the development of new technology to transform retail and logistics, among other areas. The partnership will cover a range of technologies, including, but not limited to AI, cloud, big data and smart supply chain. JD.com will be Plug and Play’s first Chinese e-commerce partner.
“We are thrilled that we are partnering with Plug and Play, the accelerator responsible for enabling some of today’s leading startups, as we look to deepen our support on innovation in Silicon Valley,” said Dr. Jianwen Liao, Chief Strategy Officer at JD.com. “JD believes that innovation should not only benefit new businesses, but also support traditional industries competing in today’s environment, and we look forward to identifying and partnering with like-minded startups in the US. Partnering with Plug and Play, we hope to unlock the potential of the next generation of companies, and help them succeed both in the US and China.”
As part of the partnership, JD and Plug and Play will jointly launch an accelerator program covering a range of areas and industries. Plug and Play will be responsible for project selection and mentorship while JD will offer its expertise and vast consumer insights, among other resources.
“JD has done an excellent job of building China’s largest online retail platform,” says Saeed Amidi, Founder & CEO of Plug and Play. “This partnership will create new opportunities for them to utilize startup technology in their business and improve customer experience. We are proud to have them join our platform.”
Projects resulting from the cooperation between JD and Plug and Play will be used directly by JD.com to further enhance its own systems, and teams supported through the partnership will be able to sell their products via JD.com’s e-commerce platform.