Ant Financial and Zhejiang Commercial Bank have reached a deepened strategic cooperation to jointly create a smart financial ecosystem.

Ant Group and Zhejiang Commercial Bank have signed a strategic cooperation agreement to deepen their cooperation in the fields of financial technology, basic technology, corporate finance, retail finance, financial markets, and inclusive finance. They will promote the construction and application of AI intelligent bodies, large model defense, distributed microservice systems, databases, and other financial technologies, as well as cooperate in wealth management, small and micro loans, supply chain finance, and other businesses, to jointly build a digital financial ecosystem.