The Digital Source For China's Tech Innovation Since 2000

Search
Close

Skytech, Ant Financial Sign Cooperation Framework Agreement

March 9, 2017
Business | Law & Policy

Chinese software, integrated system, and technical services provider Skytech announced that the group has signed a cooperation framework agreement with Alibaba's online payment affiliate Ant Financial.

According to the agreement, the two parties will jointly build new type of smart city services across China. Skytech will be responsible for new smart city construction and realization and service interfaces; while Ant Financial will provide real-name authentication, payment, and credit functions to related government platforms.

At the same time, Skytech will integrate its advantages in the low-carbon information sector with Ant Financial's various products to develop innovative Internet eco-applications to promote the development of new green smart cities.

The cooperation agreement is valid for three years and the two parties will sign specific cooperation contracts based on specific projects. The two parties can extend or re-sign the agreement after the current agreement is due.

Full financial details and ownership structures of the projects were not released.

Tags: Alibaba | Ant Financial | fintech | Internet finance | online finance | real name system | Skytech | smart city

Other Related News:

Hong-kong speeds dating activities, web site internet dating benefits and drawbacks of dating an expecting girl

February 12, 2022

What’s up with… Lyntia, Bharti Airtel, China Mobile

January 6, 2022

AsiaInfo Constructs Telecom Metadata Management Platform

February 20, 2006

TikTok ? Ep214 (TikTok China)

November 7, 2021

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Acquired by B. Metzler seel. Sohn & Co. Holding AG Watch List News

December 21, 2021

MII Publishes 3G Video Telephone Standard

July 17, 2007

Alibaba Invests In Hong Kong Financial Platform

July 18, 2017

VeriFone Meets Chinese Electrical Equipment Environmental Requirements

March 6, 2007

Apple To Add R&D Centers In Shanghai, Suzhou

March 20, 2017
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....