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The signing ceremony for the agreement on April 9 [Photo/liangjiang.gov.cn]

The Chongqing municipal government signed an agreement with Chinese e-commerce giant Alibaba group and its financial arm, Ant Financial on April 9 to join hands in 14 projects regarding big data and technology finance.

Alibaba Group and Ant Financial will uphold the goal of "Smart Chongqing" and cooperate with Chongqing in cloud-computing, logistic networks, technology finance and rural Taobao, according to Chen Bin, general manager of the Chongqing headquarter of Alibaba Cloud.

"Chongqing will embark on a new phase of all-around and in-depth development," said Chen Jinshan, director of the Chongqing Municipal Commission of Economy and Information Technology.

The trilateral campaign has covered a growing number of fields and reached more and more sectors.

"To better coordinate the ongoing projects, we are holding monthly assemblies where we share the latest information and exchange new ideas," Chen said.

Alibaba group and Ant financial are projected to open branches, subsidiaries and logistic bases to gear up Chongqing's growth.

Fifteen local universities and colleges, including Chongqing University, are working together with Alibaba group and Ant Financial on the project to cultivate big data talents.