Online retailer to set up R&D centres in Changsha economic development zone
Chinese online retailer JD.com has entered the autonomous driving fray and will invest 10 billion yuan (US$1.5 billion) in a project in Changsha, an equipment-manufacturing hub in Hunan province.
The Beijing company, founded by internet entrepreneur Richard Liu Qiangdong, joins the ranks of technology giants Google and Baidu, which have been pumping billions into the development of self-driving technology along with established car makers.