China Commodities City partners with Alibaba Cloud

Zhejiang China Commodities City Group (SSE:600415) announced that it has entered into a strategic cooperation agreement with Alibaba Cloud Computing Co., Ltd. The partnership aims to create a global digital trade and real economy innovation ecosystem. Both parties intend to improve small and medium-sized enterprises' digital commerce capabilities using Alibaba's Tongyi large model, AI platform, and cloud computing. The collaboration seeks to create a global digital trade innovation hub, upgrade the "Chinagoods" digital trade service platform, and build a small commodity trade intelligent platform. The registered capital of Alibaba Cloud is CNY 101,010.10101 million.