Chinese Retail Giant JD.com Launches Blockchain Research Lab

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Chinese retail giant JD.com is further gaining a foothold in blockchain technology by launching a research lab for blockchain in partnership with the two technology institutes, according to an announcement published Oct. 30.

Jingdong Group (JD.com) is a leading Chinese e-commerce company, controlling roughly 30 percent of the business-to-consumer online market in China with 314 million active users, according to Financial Times. The company focuses on the implementation of new technologies in e-commerce, delivery services, and finance.

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