Original title: Alibaba and Ant Financial join hands with commercial banks: comprehensively deepening strategic cooperation
On December 16, Alibaba, Ant Financial and Industrial and Commercial Bank of China signed a comprehensive and deepening strategic cooperation in Beijing. Ant Financial **** Xiaoming and Industrial and Commercial Bank of China Vice Governor Hu Hao signed the agreement on behalf of the two parties. Zhang Yong, Chairman of the Board of Directors and CEO of Alibaba Group, and Chen Siqing, Chairman of the Industrial and Commercial Bank of China, witnessed it.
The two sides stated that this strategic cooperation will open up a new type of partnership where the two sides are each other's scenarios, mutual ecology, and mutual customers. On the basis of current cooperation, they will further open up and share in the fields of financial business and fintech, and cooperate for a win-win situation.
In the field of financial business, the two sides will continue to optimize cooperation models around customer experience and explore deepening cooperation in electronic payment and settlement, cross-border financial cooperation, and scenario finance.
In the field of technology, the two sides will strengthen exploration in key technical fields such as data intelligence and fintech, and accelerate joint innovation in financial products through digital technology.
Zhang Yong, Chairman of the Board of Directors and CEO of Alibaba Group, said, “Alibaba and Ant Financial have always been grateful and impressed by ICBC. As early as March 2005, Alipay and ICBC launched an online banking payment business cooperation to jointly provide users with online payment services. This is the first bank in the country to cooperate with us on online payments. It can be said that without ICBC's courage to take the lead, tolerance, insight, and responsibility for innovation and future trends, Alipay would not have developed rapidly today, and our country would not have led the global digital economy today.”
Zhang Yong stressed that Ali and ICBC chose to stay together because of trust.
