Yiwu International Trade City and Alibaba Cloud Computing Co., Ltd. have inked a strategic cooperation agreement aimed at fostering an innovative ecosystem that seamlessly integrates global digital trade with the real economy. The highlights of this collaboration encompass igniting the digital innovation spark, refining intelligent trade processes, embedding AI to spearhead novel business models, and cultivating a smart ecological sphere. Upon the signing and stamping by representatives from both entities, the agreement will come into force and remain in effect for a period of three years.

Through this partnership, Yiwu International Trade City will synergize its offline resources with Alibaba Cloud's cutting-edge cloud computing, AI, and big data technologies. This integration will facilitate the establishment of a robust digital trade system, thereby elevating collaborative efficiency and bolstering commercial value. It is noteworthy that this cooperation does not entail a predefined monetary commitment and is not anticipated to have a material impact on the company's performance in the fiscal year 2025.