Top city leaders Li and Gong meet Alibaba execs

Shanghai’s top leaders Li Qiang and Gong Zheng met top executives of Alibaba Group in Shanghai yesterday.

Mayor Gong and Zhang Yong, Alibaba’s executive chairman and CEO, witnessed the signing of a strategic cooperation agreement between the Shanghai Municipal Government and Alibaba Group’s Ant Group.

Ant Group is the financial technology arm of the Chinese e-commerce giant.

Wu Qing, vice mayor of Shanghai; city leader Zhuge Yujie; and Jing Xiandong, chairman of Ant Group; Hu Xiaoming, CEO of Ant Group; and Wen Jia, president of the Public Affairs Department of Alibaba Group; were also present.

Shanghai and Alibaba will cooperate in the areas of online new economy, digital new infrastructure, financial technology, cross border e-commerce, cloud exhibition and convention, cloud computing, artificial intelligence and blockchain technologies, according to the agreement.

The city government has been cooperating with Alibaba Group and Ant Group in digital business, cloud computing and financial areas after signing cooperation agreements in 2015 and 2018.