BEIJING, June 30 (Xinhua) -- China's e-commerce giant Alibaba signed a cooperative agreement with home appliance makers Galanz on Monday in a bid to promote the innovation and upgrading of home appliance industry, reported the Xinhua-run cnstock.com.
The two sides will carry out comprehensive digital cooperation on product innovation, new product research and development (R&D), and Internet of Things (IoT) technology application.
The cooperation with Galanz marks one of Alibaba's series of measures to make full use of its advantage in digitalization, promote consumption, and accelerate the digital upgrading of home appliance industry.
At present, Galanz mainly focuses on two strategic businesses, namely home appliance technology and open-source chip ecosystem. Since the beginning of this year, Galanz has accelerated technological transformation, increased investment in open-source chips and edge computing, enhanced international competitiveness, and strongly supported market expansion. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)
A single purchase
