Shanghai Municipal Government signed a strategic cooperation agreement with Alibaba Group and Ant Financial Services Groupon October 9th in Shanghai. Li Qiang, Secretary of CPC Shanghai Municipal Committee, and Gong Zheng, Deputy Secretary, met with Zhang Yong, Chairman and CEO of Alibaba Group, and Jing Xiandong, Chairman of Ant Financial Services Group.
Mr. Gong and Mr. Zhang attended the signing ceremony. Mr. Wu signed the agreement with Hu Xiaoming, CEO of Ant Financial Services Group, and Wen Jia, President of Public Affairs of Alibaba Group. ZhugeYujie, Member of the Standing Committee and Secretary General of CPC Shanghai Municipal Committee, attend the event. Chen Jing, Secretary General of Shanghai Municipal Government, was present. Chen Mingbo, Deputy Secretary of Shanghai Municipal Government, presided over the ceremony. Wu Jincheng, Chairman of Shanghai Municipal Commission of Economy and Informatization, and Zhang Ying, Vice Chairman, were also present.
Shanghai has close cooperation with Alibaba Group and Ant Financial Services Group.Since the signing of cooperation agreements in 2015 and 2018, remarkable achievements have been made in digital commerce, cloud computing, finance and other fields.A number of headquarters in Shanghai, as well as core innovation businesses like Shanghai R&D Center of Alibaba, Ali New Retail Center, Ant Technology Center, and strategic sectors have accelerated development and facilitated strategic cooperation with SAIC Group, Bailian Group and other enterprises.
After the signing of the agreement, Shanghai, Alibaba Group and Ant Financial Services Group will cooperate on new online economy, new digital infrastructures, FinTech, cross-border business, digital life and cloud exhibition, accelerate the construction of "three headquarters and three centers", increase the research and development of new technologies like cloud computing, artificial intelligence and blockchain, so as to better serve the overall situation of national development, boost the development of Yangtze River Delta integration, upgradeShanghai’s energy level and core competency, and provide strong supportto create a new benchmark of digital life city.Alibaba Group and Ant Financial Services Group will further play their own advantages, continue to optimize the industrial layout inShanghai and increase investment.
