上海将与阿里巴巴、蚂蚁金服开展高规格战略合作 - 2018年08月17日

The Shanghai government and Alibaba Group yesterday signed a strategic cooperation agreement to help the city develop itself into an innovation center encompassing various sectors.

The e-commerce giant will increase investment in its regional headquarters in Shanghai's Hongqiao area, Ant Financial's second headquarters in Pudong New Area as well as initiatives in the new retail sector, as Alibaba seeks to actively boost the integrated development of the Yangtze River Delta. 

Alibaba plans to set up a smart logistics dispatch hub in Shanghai to further enhance the city's strategic position.