(Yicai Global) Oct. 30 -- China's internet behemoth Tencent Holdings Ltd [HKG:0700] will introduce a decentralized smart retail solution, said its founder and CEO, Pony Ma, in a letter to the firm's partners, made public ahead of the opening of the 2017 Tencent Global Partner Conference.
Pony Ma used seven buzzwords, "deep integration," "cloud sharing," "intelligent linkage," "user-centered," "big content," "new technology" and "wide platform," in sharing his observations and thoughts on the development of digital economy over the past one year, reported tech.sina.com.cn today.
Tencent will provide numerous brand owners, offline retail platforms, commercial real estate and other institutions with a more inclusive, innovative, and sustainable solution for smart retail, thus eradicating the "narrow platform" rule in retail industry currently, Ma indicated when he talked of decentralization in the industry.
Ma referred to Tencent's cooperation with another e-commerce giant, JD.Com, Inc. [NASDAQ:JD], on the unbounded retail solution, which links e-commerce platforms, social media and offline retailers in offering consumers personal a comprehensive shopping experience.
The 2017 Tencent Global Partner Conference will run from Nov.8 to Nov.9 in Chengdu in southwest China's Sichuan province.