SIMIC

According to the agreement, the three parties will jointly promote the digital upgrading of integrated logistics, financial service, internet, and emerging industries to better service for the real economy.

“China Merchants runs business all over the world, we are expecting to deepen our cooperation on technology and digitalization with Alibaba and Ant, and to establish more closer cooperation with them on overseas market” said Hu Jianhua, general manager of China Merchants.

Related: Cosco Shipping, Alibaba and Ant to develop shipping and logistics

“We are planning to jointly promote the digital upgrading of transportation, logistics and finance sectors with China Merchants through the combination of digital technology and real industries, “said Hu Xiaoming, ceo of Ant.

In May this year, China Merchants Port, the port development, investment and operation unit of China Merchants Group, had established cooperation with Alibaba and Ant to develop smart port.