Alibaba Wants to Promote Blockchain Industry with New Partnership
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Chinese multinational e-commerce conglomerate Alibaba Group Holding Limited has signed a strategic cooperation agreement with Chinese software developer Aerospace Information Co., Ltd. to promote cloud computing services, smart industries, finance and blockchain, Securities Daily reports.

Aerospace Information will reportedly cooperate with Alibaba to provide comprehensive research, development and integration of new technologies and industry information.

It is expected that the partnership will help Alibaba to better serve the segmentation of the industry market and government and enterprise users, and create a greater social value of distributed ledger technology.

Earlier, the Head of Alibaba, Daniel Zhang, said that cloud computing will be the "main business" of Alibaba in the near future.

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