BEIJING, Aug. 24 (Xinhua) -- Bank of China (BOC) on Monday signed a strategic cooperation deal with Chinese e-commerce giant Alibaba and fintech firm Ant financial to develop a new ecosystem in the internet and financial sectors.
According to the deal, the three parties will leverage their strengths to integrate resources such as platforms, clients, markets and technologies, and promote cooperation between internet companies and financial institutions.
The cooperation will involve spheres including traditional finance, fintech and marketing innovation while giving full play to internet technologies.
"This strategic partnership is a new start for banks and enterprises to deepen cooperation and achieve win-win results," said BOC president Liu Liange.
In order to intensify innovation in the fintech sector, joint laboratories will be set up to facilitate digitalization and intelligent transformation.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses
