The company is pushing ahead with its "New Retail strategy", merging online and offline commerce by using colossal amounts of data collected through its array of digital services.
The company set up its fourth research center in China, specializing in water treatment, last year in Shanghai.
The company said that Chinese enterprises are playing an increasingly important role in the global communications industry, including 5G. More than half the smartphones shipped around the world are from Chinese companies-the effect is obvious.
The company will raise fund to build houses and apartments, develop the Baiyangdian water area, and to build transport links, energy infrastructure and public facilities in Xiongan.
The company, based in South China's Guangdong province, sold more than 4 million TV sets in the US market in 2017.
The company opened its freight train service linking Wuhan with London in July 2018 and launched services to Belgium and Spain, respectively, on Dec 11 and 13 this year.
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The company stated the facility is the first of its kind, and a 100 percent self-designed R&D and manufacturing facility with over 1,800 independent intellectual property rights.
The company will leverage data analytics to upgrade overseas partnering retailers and warehouses in free trade zones, according to Liu Peng, general manager of Tmall's cross-border business division, though no details were provided.
The company predicts that the aviation sector in China and other emerging regions will double the pace of mature markets of North America and Western Europe in the next decades.
The company received over 3,800 purchase demands in various goods categories from 102 local governments across China, with total volume reaching 220 million pieces or sets.