Alibaba joins forces with Asian Development Bank to build digital agriculture

On November 20, Alibaba Group and the Asian Development Bank (ADB) signed a memorandum of understanding aimed at promoting rural revitalization in China, which will be aimed at cooperation in the areas of digital agriculture, rural e-commerce, rural logistics, rural finance, rural environmental protection and circular economy. ADB values the technology, logistics, and finance infrastructure that Ali has built over the years in rural China, such as Ali’s 1,000 digital agricultural bases across the country.

Alibaba joins forces with Asian Development Bank to build digital agriculture

ADB has an early intention to cooperate, drawing on Ali’s technology and content

At the signing site, the two sides announced cooperation in the fields of digital agriculture, rural e-commerce, rural logistics, rural finance, rural environmental protection and circular economy, and will also agree to organize the implementation of specific forms of cooperation in rural revitalization projects and establish long-term cooperation mechanisms.

It is understood that the two sides have long had the intention of cooperation. “Previously, the ADB team has also been in contact with our Business Units such as Alibaba Cloud, Rookie, FreeFish, Ant Forest, etc. The other side hopes that after the framework content of this memorandum of understanding is finalized, Alibaba’s technology and content will be introduced into more Chinese projects in the future. “A person in charge of Alibaba’s relevant department said.

“Alibaba has built a strong online platform that provides a wide range of services such as e-commerce, second-hand product sharing and recycling, logistics network coordination, e-payments for environmental services, big data, cloud computing, and other innovative technologies and financial support. ADB believes that Alibaba has made outstanding contributions to the transformation and upgrading of rural industries.

Behind the technology and content, stand 1000 digital agricultural bases

Just past the double 11 day, Alibaba’s full-platform agricultural products turnover of more than 7.4 billion yuan, 13 agricultural products sales of 100 million, the country’s 707 poor counties in 4548 agricultural products sales have increased significantly. Alibaba partner, B2B business group president Dai Shan in an interview with the media, said that behind this figure is Alibaba adhere to the initial agricultural, with 20 years of understanding of technology, data and financial capacity, inclusive of every farmer, so that consumers live a better life.

Alibaba has long been seen as having a strong vision for the revitalization of China’s rural areas. In October, it set up a special agricultural aid agency, Ali Digital Agriculture, which brings together 13 economies from the Ali family to focus on infrastructure construction in China’s agriculture sector.

The significant increase in double-11 agricultural products has also been helped by Alibaba’s 1,000 digital agricultural base across the country. This has been rated as the biggest innovation in Alibaba’s agricultural aid model in 2019: breaking the traditional Chinese scattered model of small-scale farming, establishing a large-scale digital agricultural base; The efficiency of all aspects of sales.

“We look forward to adb’s expertise in agriculture, environmental protection and other expertise combined with Ali’s digital technical capabilities to explore the digital engine of rural revitalization and create a Chinese sample of rural revitalization.” “On November 20, Ali and ADB signed a memorandum of understanding to promote rural revitalization, said Wen Jia, Alibaba Partner and President of Group Public Affairs.

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