(Yicai Global) Nov. 2 -- China's e-commerce giant JD.Com, Inc. [NASDAQ:JD] and Thailand's largest retailer Central Group Co. have kicked off their cooperation, unveiling an e-commerce platform in Thailand that will boost export and import products of the southeast Asian country.
Thailand's prime minister Prayuth Chan-o-cha received Liu Qiangdong, chairman and CEO of JD.Com, and Tos Chirathivat, chairman and CEO of the Central Group, yesterday. The Thai PM said he expects China's e-commerce giant to share its successful experience with the small- and the medium-sized enterprises (SMEs) of Thailand, and hopes JD.Com to drive introduction and development of Thailand's farm produce in the international market and boost Thai farmers' income, tech.sina.com.cn reported.
JD.Com and the Central Group have set up a joint venture to introduce a new e-commerce platform for the Thai and other southeast Asian markets. The platform will help sell Chinese products to Thailand, expand the markets of Southeast Asia and beyond, and boost exports of locally available high-quality farm produce by sponsoring SMEs of Thailand.
JD.Com CEO Liu said his company will transport the farm produce in Thailand from villages to cities with drones, and help to export such products to China and other regions of the world.
Liu said they aim to export THB100 billion (USD3.03 billion) worth of Thai products to China and other markets via JD.Com's platforms. It will also help Thai SMEs to develop business via JD's e-commerce platform, and expand Thai exports, particularly farm produce and fresh products. The latest technologies will be gradually channeled to assist Thailand in improving the retail and logistics infrastructure and supply chain management level, he added. JD also plans to offer quality and convenient financial services to SMEs and consumers in Thailand.