Suzhou Tianma Specialty Chemicals Aims to Sell Products on JD.Com
Xu Wei
DATE:  Feb 23 2018
/ SOURCE:  Yicai
Suzhou Tianma Specialty Chemicals Aims to Sell Products on JD.Com Suzhou Tianma Specialty Chemicals Aims to Sell Products on JD.Com

(Yicai Global) Feb. 23 -- Suzhou Tianma Specialty Chemicals Co. signs a non-binding framework with JD.Com to sell its products on the e-commerce giant's platform. The two parties may also share resources and explore blockchain technology related to supply chain management.

The specialty chemical maker based in China's eastern Jiangsu province will also introduce its business customers to Jingdong Group's e-commerce and financial platforms, it said in a statement.

The agreement remains in a framework agreement statement with some uncertainties remaining over the deal's implementation.

The parties will utilize their respective technological advantages and industry resources to explore the joint development of blockchain-based smart supply chain service platforms to boost e-commerce, optimize business structure, reduce supply chain costs and improve operational efficiency.

The framework also includes detail about introducing brick-and-mortar Jingdong Home stores at enterprise technology parks run by Beijing Doublerise Technology Co. Suzhou Tianma is in the process of taking over Beijing Doublerise, which operates operating solution service centers for Apple products.

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Keywords:   Suzhou Tianma Specialty Chemicals,JD.com,Strategic Cooperation Agreement