"360buy is coming, Guiyang, are you ready?" said Zhao Guoqing, co- chairman of 360buy.

Guiyang and 360buy signed a strategic cooperation agreement on September 7.

"360buy's presence in Guiyang will promote the development of Guiyang's e-commerce industry and also drive the development of logistics and relevant industries," said Chen Gang, secretary of the Guiyang CPC committee, during a speech at the signing ceremony.

Chen Gang, secretary of the Guiyang CPC committee, makes a speech at the signing ceremony.

360buy will build the Guiyang-Jingdong e-commerce industrial park in the nucleus of the electronic business logistics area, Guanshanhu district, Guiyang, with an investment of 1 billion yuan ($163.5 million).

The e-commerce industrial park will help 360buy optimize its network layout, reduce costs in warehousing and distribution, and promote development.

Guiyang and 360buy sign a strategic cooperation agreement

The company will also help Guiyang speed up economic and social development and industrial upgrading and optimization.

Zhao Guoqing said that the Guiyang-Jingdong e-commerce industrial park will radiate its influence into Southeast Asia thanks to the unique regional advantages in Guiyang.

"As an ecological city, Guiyang is more suited to the development of e-commerce. Compared with physical stores, online stores conserve energy and protect the environment, especially in terms of energy, logistics and manual work. This is why 360buy chose Guiyang," said Zhao.