Xiamen Intelligent Retailing Industry Park is set to be located in Jimei, a district in Xiamen, eastern Fujian province, according a statement released at an intelligent retailing summit held in the city on Aug 17.

The industry park, to be built by China Mobile and Fujian Xiangxin Network Technology Co, is expected to grow into a regional center integrating research and development, applications, manufacturing and operations.

When completed the new park will roll out a series of preferential policies, including R&D support and talent subsidies, to offer a better business environment for companies and entrepreneurs.

Officials said that so far a raft of companies have confirmed their settlement in the park, including Beijing Ubox Technology Co.

The intelligent retailing summit invited representatives from dozens of interested companies in China, including Tencent Holdings Ltd, Ubox, and MIGU, to share their practical experiences in 5G applications, the internet of things, industrial design, and investment and financing.

A Xiamen Intelligent Retailing Industry Park is to locate in Jimei, a district in Xiamen, eastern Fujian province. The announcement is made at an intelligent retailing summit held in the city on Aug 17. [Photo/taihainet.com]