(Yicai Global) Nov. 14 -- BOE Technology Group Co. [SHE:000725], the leading global supplier of semiconductor display technologies, signed cooperation agreements with e-commerce giant Alibaba Group Holding Ltd. [NYSE:BABA] and SAP SE [ETR:SAP] on the creation of a new retail ecosystem at its 2017 Global Innovations Partner Conference held today.

The firm also laid out its Internet of Things strategy at the event, identifying display, sensor, artificial intelligence, and big data as its four core technical capabilities. Three key businesses were also named as display devices, smart systems and healthcare services.

The company will also work with computing, storage and sensing chip makers, software and content providers, as well as functional equipment manufacturers and partners in all walks of life in an effort to promote innovation.

BOE recently started operations at Hometimes a new retail smart store established in conjunction with Alibaba at the INtime Mall, located in the West Lake district of Hangzhou, the capital of China's eastern Zhejiang province.

The company has accelerated its strategic layout related to IoT over the past year and launched smart and interactive shops jointly with Intel Corp. [HKG:4335]. BOE has also worked with Huawei Technologies Co., China's largest smartphones maker to develop an 8K + 5G (8K display + 5G network) industrial ecosystem. Other recent successes include the creation of a new IoT port solution with state-owned China Mobile Communications Corp., one of China's big three mobile operators.

BOE is transitioning from a display device manufacturer to an IoT-based company that provides smart port products and professional services for information exchange and healthcare sectors.