On September 21, CR Land and Tencent entered into a strategic cooperation agreement in Shanghai. Both parties will have in-depth cooperation in five areas — smart zone, electronic payment, big data, cultural and creative fields and the Internet-of-Things (IOT) Innovation Lab.

CR Land is an influential brand with rich experience in the area of real estate development including residential buildings, the MixC Shopping Mall, office buildings, and hotels. Especially in developing smart city complexes, CR Land has been committed to innovation and unafraid to experiment. The company’s wants to draw in more third party partners to jointly participate in the construction of smart city complexes. Its vision is to enjoy together and build together a sustainable smart technology-enabled ecosystem.

As the world's leading integrated internet service provider (ISP), Tencent has built a solid IoT operating system and has built a rich ecosystem around it, based on its solid technical expertise in internet technology.

Both parties will make full use of their industry advantages for synergies and mutual development and set industry landmarks in the areas of smart shopping malls, smart office buildings and smart communities to contribute to the smart industry evolution. CR Land will join hands with Tencent to enhance technical innovation and increase its capabilities for leadership, shorten the achievements transformation cycle of new technologies, explore new models of smart industrialization and forge ahead with the building of a smart industry.