Wanda Group is tapping into the resources of Microsoft Accelerator to enable the next wave of digital transformation of the retail industry and commercial properties in China, the company said today in an announcement.
For the past four and a half years, Microsoft Beijing Accelerator has accelerated 140 start-ups in China with alumni in the areas of hybrid cloud, Internet of Things (IoT), big data and artificial intelligence.
Wanda plans to combine its customer resources and Microsoft Accelerator’s tech innovation alumni to empower them to do more for digital transformation in China. Microsoft Accelerator will provide qualified start-ups to be enlisted as vendors for Wanda Group.
"As an entrepreneur myself, I’ve seen many technology start-ups face the same challenges. They focus on technology innovation and product development without much customer insight and user data," said Hanna Lavy, head of Microsoft Global Accelerator Program.
"Partners like Wanda Group can provide in-depth business insights and rich customer data to startups. Microsoft Accelerator looks forward to working with Wanda Group to enable startups to transform retail companies and commercial properties into digital businesses," Lavy added.
Wanda Group has opened 189 Wanda Plaza projects in China and plans to open 50 more in 2017. Three years ago, Wanda Group began a business model transformation from commercial property to modern services with the result of forming four sub business groups including commercial properties, cultural industry group, Internet technology group and financial group, with digital transformation at the core.
Wanda Group embarked on enabling digital transformation three years ago, developing Wanda Building Information Modeling (BIM) System and Wanda Intelligent Building Management System with the adoption of Microsoft Azure and HDInsight big data analysis.
Wanda BIM system integrates the end-to-end information management process from project bidding to delivery for commercial property developers, designers, builders and supervisors.
"Wanda Group and Microsoft share the same views on digital technology and business. Cloud computing, big data, IoT and artificial intelligence are the main drivers of the digital transformation of business," said Jennifer Feng, deputy general manager of IT Center at Wanda Group.