Alibaba inaugurates branch in Ningbo
The plate-unveiling ceremony for the new branch established by Alibaba Group in Ningbo.[Photo/cnnb.com.cn]
Alibaba Group inaugurated a branch in Ningbo, East China's Zhejiang province on June 28, according to local media reports.
Situated in the Ningbo International Complex, Haishu district, the branch is an independent legal entity which aims to coordinate Alibaba's business operations in the city.
The move comes after the company reached a comprehensive cooperation framework agreement with the city on May 19.
After the agreement, a number of other projects backed by the e-ecommerce giant have also been carried out in Ningbo.
On May 29, a training base for Taobao University was established in the city. On June 21, Juzhi Life, a home life store backed by Alibaba, opened in the city's Yinzhou district.
According to the agreements reached in May, Ningbo and Alibaba will work together to build industrial internet platforms revolving around the city's pillar industries, such as home appliances, textiles, clothing, and petrochemicals, with the aim of building Ningbo into a national industrial internet center.
The two will also strengthen cooperation in fields such as cross-border-e-commerce, governance digitalization, smart city, talent cultivation, and more.