CMPort signed agreement with Alibaba and ANT

China Merchants Port signed a strategic cooperation framework agreement with Alibaba Group and Ant Financial Services Group.
 
The signing of the contract aims to fully implement the requirements of Premier Li Keqiang at the two sessions to strengthen the construction of new infrastructure, develop a new generation of information networks, help the industry upgrade, build an open platform for smart ports, and build a world-class smart port.
 
The cooperation will integrate the advantages of the three parties, combine the business scenarios of trade and port logistics chain, and establish a new trade logistics + financial business alliance.
 
Through the combination of China Merchants Port Industrial Resources, Alibaba Platform Resources and Ant Group Financial Technology, the goal is to enhance trade facilitation.
 
At the same time, relying on the financial ecological capacity of Ant Group, it helps to solve the financing difficulties and high financing costs faced by small and medium-sized enterprises in the port ecosystem.
 
Jing Xiandong, chairman of Ant Group, said he hoped the cooperation would be a milestone in the digitalization of China's ports.
 
Blockchain will be the key infrastructure to reshape international trade and logistics. Ant Group's blockchain technology is the best solution as the engine of multi-party cooperation.
 
The internationalization strategy of China Merchants Group coincides with the concept of electronic world trade platform proposed by Alibaba Group.
 
Source: Sarah Yu, XINDE MARINE NEWS

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