China’s Xinhua News Agency, Alibaba Team To Develop Yahoo News Center

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China's official news agency Xinhua News Agency and the Chinese B2B e-commerce group Alibaba have formed a strategic alliance in Hangzhou to jointly develop online information services.

Under the cooperation agreement of the two parties, Xinhua News Agency will implement a long-term follow-up study on the development of Alibaba Group and will provide various information services, covering domestic and international macro-information, industry, policy, and markets, to Alibaba, depending on its extensive news collecting network and powerful information processing, handling and transmitting capacities.

As the national news agency and the information hub of China, Xinhua News Agency has the richest multi-media information resources in the country. The strategic alliance of the two parties will focus on the joint establishment of a news center on ...

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