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Agricultural Development Bank of China
News for Outlets

​Ant Group settles global headquarters in Hangzhou

October 15, 2020


Abstract : Ant Group,a leading provider of financial services technology in China, officially settled its global headquarters in Hangzhou, capital city of east China's Zhejiang Province on Wednesday, the Xinhua-run Shanghai Securities News reported.

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BEIJING, Oct. 15 (Xinhua) -- Ant Group, a leading provider of financial services technology in China, officially settled its global headquarters in Hangzhou, capital city of east China's Zhejiang Province on Wednesday, the Xinhua-run Shanghai Securities News reported.

According to the report, Hangzhou municipal government signed on Wednesday a strategic cooperation agreement with Ant Group in a bid to quicken the pace of building the country's No. 1 city of digital economy.

The cooperation will focus on five key areas, including industrial development, technological innovation, business applications, space expansion, and brand building.

Under the agreement, Ant Group will rely on Hangzhou's favorable policies and benign business environment to invite the world's top talents to start up business in the city .

The two parties will join hands to continue increasing investment in research and development (R&D), speed up the construction of technology infrastructure and innovation platforms, and push forward the introduction and training of top domestic and foreign talents in an attempt to build Hangzhou into an important global financial technology innovation cradle and talent highland.

(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)  

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Keyword: Ant Group

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