Chinese retailer opens incubation center for Blockchain ventures

Chinese retailer JD.com has announced that it is launching the Al Catapult Blockchain incubation program, which plans to develop Blockchain initiatives.

According to the press release, the Beijing-based program, which sees candidates as far away as Australia and Britain, aims to reach new applications of Blockchain and Artificial Intelligence (AI) with the company's extensive Chinese infrastructure.

Chinese retailer JD is looking for new partners with Blockchain
JD emphasizes plans to partner with innovative Blockchain organizations to build new businesses and create new applications.

Bowen Zhou, Vice President of the AI ​​Platform and Research Department of the company, said:

JD is in a unique position to explore the potential of AI and Blockchain in global commerce. We are excited to work with some of the world's most innovative new companies to explore ways we can scale these cutting-edge technologies for the future of retail and other industries.

The opening of Al Catapult marks not only JD's entry into the new Blockchain, but also the increasing competition for its final implementation in the Chinese domestic market, following the partnership of various subsidiaries such as JD Finance.

Other Chinese holdings Tencent and Baidu are also trying to establish corporate interactions similar to emerging technology.