After the conclusion of Intel Corporation's analyst and investor meeting in Hong Kong recently, the notebook-chip giant moved onto the mainland to meet with a giant of the Chinese e-commerce sector, JD.com Inc.
Wednesday's negotiations ended in the signing of a joint agreement to establish a co-owned innovation laboratory that will lead to numerous benefits for the Chinese company.
The two tech firms will explore what has been termed "real sense" shopping in an online context. The key examples that were publicized, as reported on Shanghai Daily, were 3D product display and visual fitting rooms, both of which will serve JD.com.
Further to the foremost priorities that the partnership will focus upon, other innovative projects have been slated over a two-year period. JD.com and Intel will engage in the development of smart hardware and customized servers for corporate customers--the latter will assist corporate clients in the promotion of products in the online shopping realm.
JD.com, a Chinese business leader that is placed alongside three peers in the world's top-10 Internet companies by market value, is a compatible partner for the established Intel Corporation.
At the recent Hong Kong meeting, Intel revealed a 90-percent hold of the notebook chip market; a planned move into the much publicized wearables market (expected to be worth $5.8 billion by 2018); and the confirmation of a recent multi-year deal with Italian eyewear corporation Luxxotica, which holds licenses for the prestigious D&G and Prada designer brands, to release a smart eyewear device in 2015.
JD.com representatives said that the company is looking forward to e-commerce service benefits such as digital image processing, database monitoring and website security as an outcome of its work with Intel.
After its 2004 online debut, JD.com now boasts 25 million registered users and 6,000 national suppliers.