Under a new strategic agreement signed as part of the China-Germany intergovernmental consultations in Berlin this week, China’s Suning Holdings Group and SAP will jointly conduct advanced research in artificial intelligence, Internet of Things, big data, cloud computing and blockchain technologies.
The agreement was signed by Suning group chairman Zhang Jindong, SAP SE’s digital business services organisation leader and member of the Executive Board, Michael Kleinemeier.
The deal will see Suning and SE conduct a series of tech research and development of smart retail innovations with increasing investment to explore industrial digitisation and explore the application of this technology in China’s retail, financial and sports industries.
The two companies also plan to establish a smart retail ecological service platform for China’s retail industry to provide supply chain solutions including store management, product sourcing, logistics and payment services for SMEs, build a data-driven NTOCC platform to establish intelligent warehousing and delivery systems to significantly improve efficiency and user experience of the logistics industry, and construct a digitised platform for Chinese football clubs and youth training systems.
“As a leading smart retail enterprise, Suning’s partnership with SAP, with whom we have built a long-term cooperation, will provide a new opportunity for both sides to share and innovatively use the resource and data accumulated in retail and corporate management fields. We look forward to working closely together on the establishment of smart retail and smart logistics services platforms to boost the revolutionary development of the retail industry,” said Suning chairman, Zhang Jindong.
The agreement is a continuation of a existing 13-years partnership between SAP SE and Suning.