On July 16, CapitaLand (China) and Alibaba Cloud inked a memorandum of cooperation in Hangzhou, aiming to deepen their collaboration in the realms of AI, big data, and ESG. Through this partnership, Alibaba Cloud will leverage its Tongyi large model to elevate the operational efficiency and customer satisfaction of CapitaLand's smart commerce initiatives across shopping centers, hotels, and other businesses in China.