Conglomerate Bolloré Group has signed an agreement with e-commerce firm Alibaba Group covering logistics and several other areas.
The companies signed an extensive Memorandum of Understanding outlining the areas in which their respective business units and subsidiaries, including Alibaba Cloud, Cainiao Smart Logistic Network, Bolloré Logistics and Blue Solutions, have agreed to cooperate and develop a number of relevant joint projects.
In addition, the groups decided to share their expertise and market knowledge to explore new business opportunities, notably in China, Europe and Africa.
On supply chains, Bolloré Logistics and Alibaba's Cainiao Smart Logistics Network agreed to work together on identifying cooperation opportunities with their respective logistics capabilities, hubs and networks, in Asia, the Middle East, Africa and Europe.
The two companies will also share best practices and will look into the development of some joint software and data management solutions.
Cyrille Bolloré, vice chairman and managing director of Bolloré Group, said:”The many areas of cooperation and several joint projects already identified by our respective teams are particularly promising. We are also very pleased by our common willingness to share best practice and expertise that will be of strong benefit to all our companies.”
Terry von Bibra, general manager Europe, Alibaba Group, said: “As a global technology company, digital transformation and innovation in all fields are fundamental drivers of Alibaba's mission of making it easy to do business anywhere, with the ultimate goal of better serving our consumers and stakeholders worldwide, today and tomorrow.
"Hence, we are confident that the expertise and skills brought by both partner groups will generate incredible value and opportunities as the partnership unfolds.”
Other areas the two companies will work on are: Solutions for Internet electric cars and buses, bringing the Internet experience (voice control, multimedia, navigation and autonomous driving) to the driving experience.
Explore co-operation opportunities in the development of car-sharing solutions in China. In an era when sustainability and electricity storage have become major concerns for citizens, cities and governments, the Bolloré Group draws on batteries and electricity storage technologies to deliver solutions for the production, storage and smart consumption of electricity.
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