E-commerce giant Alibaba Group Holding Ltd’s announced a comprehensive strategic partnership with China Telecom on Saturday, to carry out cooperation in e-commerce, basic network and security, cloud computing, payment, rural channels, internet of things (IoT) and government procurement.
The two sides will work together to strengthen the construction of intelligent connection, smart family, new applications of information and communication technology (ICT), internet finance and IoT for China Telecom, and new retail, manufacturing, finance, technology and energy resources for Alibaba.
They will further explore deeper cooperation in the future. Alibaba and China Telecom have already carried out cooperation in the fields of data center, basic telecommunication capacity, e-commerce and mobile payment.
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