The Shandong provincial government and e-commerce giant Jingdong (JD) Group held a signing ceremony for strategic cooperation in Shandong on May 21.

Lushang Group, Shandong New Kinetic Energy Fund Management Co, Qilu Transportation Development Group, the Binzhou Economic and Technological Development Zone and the Shandong Provincial Department of Commerce all signed a number of cooperation agreements with JD.

The Shandong provincial government and e-commerce giant Jingdong (JD) Group sign strategic cooperation agreements in Shandong on May 21, 2018. [Photo/hopingshandong.gov.cn]

Lushang Group and JD will take advantage of their online and offline strengths. They will start with the introduction of new business forms, such as unmanned supermarkets, cross-border shopping and JD Daojia. They will unify the layout of “unlimited scenes, boundless goods and unparalleled human resources” and explore online and offline integrated smart retail solutions.

Shandong New Kinetic Energy Fund Management Co and JD Cloud, the cloud unit of JD, will jointly establish a fund of 10 billion yuan ($1.6 billion) for Shandong's new and old kinetic energy conversion. JD Cloud will use its cloud technology to help Shandong build a pilot area for the transformation of new and old kinetic energy.

The Shandong Provincial Department of Commerce will cooperate with JD to develop new and unbounded retail. It will set up 3,000 smart convenience stores and promote the launch of Shandong's high-quality agricultural products and time-honored products on the JD site.

Qilu Transportation Development Group and JD Logistics, the logistics arm of JD, will together build an intelligent supply chain service platform.

The Binzhou Economic and Technological Development Zone will cooperate with Jingdong Cloud to create an international electric mall.