Alibaba Gets Home-Province Backing for AI, Digital Economy Plans

(Bloomberg) — China’s tech giant Alibaba Group Holding Ltd. aims to work with its home province, one of the nation’s wealthiest, to develop artificial intelligence and the digital economy.

Zhejiang, a province on China’s eastern seaboard, entered a cooperation agreement with Alibaba, vowing to create a better business environment for platform-economy firms and to encourage innovations in areas including artificial intelligence, according to a report of Securities Times on Wednesday.