Shanghai, as the most competitive city in China, was able to sign a strategic cooperation agreement with a technology company, which means that Alibaba's corporate philosophy has been recognized and Shanghai is willing to use Alibaba's technology to improve the city's management and governance capabilities.

It also shows that Alibaba is no longer an e-commerce company at all, but has transformed into a data-driven technology company. Alibaba's successful practice in Hangzhou, whether it is new retail, ET City Brain, cloud computing, big data, artificial intelligence and other full-field leadership and application, has made outstanding achievements in transforming the traditional social life model and even prepared to change the world. Shanghai is following the trend of science and technology and embracing cutting-edge technology. The choice is extremely visionary. This vision has a long-term and broad strategic pattern.