Alibaba signs deal with Spring Group
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.