Alibaba signs deal with Spring Group

China Daily (Hong Kong) - - BUSINESS -

China’s largest e-com­merce group Alibaba has signed a strate­gic co­op­er­a­tive agree­ment on Wed­nes­day with Spring Group, par­ent com­pany of the coun­try’s largest pri­vate car­rier Spring Air­lines, to carry on all-around co­op­er­a­tion in­clud­ing air tick­ets, des­ti­na­tion busi­ness, mem­ber­ship and con­sump­tion points ser­vice, cloud com­put­ing and big data, as well as pay­ment and credit ser­vices. yuan ($155.5 mil­lion). It has the ca­pac­ity to process 800,000 met­ric tons of cop­per tail­ings an­nu­ally, and con­vert the solid waste into 276,000 tons of iron, 340,000 tons of zinc ox­ide pow­der and 449,000 tons of steam. Chair­man Wu Dao­hong pro­jected the project’s an­nual net profit af­ter tax would reach 210 mil­lion yuan, and pay­back pe­riod would last for 4 years. sold in China in the first 11 months this year, up 14.1 per­cent year on year thanks to a pref­er­en­tial car pur­chase tax­a­tion pol­icy and other govern­ment mea­sures. ac­cord­ing to the Bank of Korea. The read­ing be­low 100 means pes­simists out­num­bered op­ti­mists. It is based on a sur­vey of 1,793 man­u­fac­tur­ers and 1,093 non-man­u­fac­tur­ers. value and up 50.5 per­cent in vol­ume year-on-year, said the min­istry.

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