Chinese e-commerce giant Alibaba has claimed to cooperate with Tianjin to make the city a “cashless city”—the first of its kind in northern China.
The cooperation plan was exposed at a meeting on June 28 between Tianjin officials and Alibaba Group’s director. Li Hongzhong, Tianjin’s Party chief, said the plan would make a large effort to build Tianjin into a “smart city”, and he hopes Alibaba will view the city as the most important city in the group’s future development plans. Tianjin is the largest coastal city in northern China. And it holds technologies and human resources for the development of smart industry.
Alibaba’s Jack Ma said the group’s effort to build Tianjin into a “cashless city” is part of their goal. And they want to join in the development plan of the Beijing-Tianjin-Hebei region. He said Alibaba would invest more in Tianjin in several aspects, including finance, cloud computing, logistics, and cross-border imports. Alibaba want to build Tianjin into a major data port in northern China.
On June 28, Fujian’s Fuzhou City also said that it will become cashless with Alibaba’s cooperation. After Fuzhou and Tianjin, China will have a total of four “cashless cities”, after the cities of Hangzhou and Wuhan wore the cap of cashless thanks to Alibaba’s Alipay service. With Alipay you can pay with your mobile phone.
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