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| Name | Symbol | Market | Type |
|---|---|---|---|
| Alibaba Group Holding Limited | NYSE:BABA | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.7901 | 0.98% | 81.1201 | 81.37 | 79.70 | 81.27 | 19,415,807 | 01:00:00 |
From May 2019 to May 2024
By Yifan Wang
Alibaba Group Holding plans to provide digital services for the China operations of Total S.A., as the Chinese tech giant signed its first international oil-major client for its business-operating system.
The two companies signed a Memorandum of Understanding for the partnership on Tuesday, they said in a joint statement.
Under the agreement, Alibaba will offer services including online payments, big data and enterprise management to Total, and will cover the French energy firm's major operations in China ranging from service stations to car care.
Customers will be able to access Total's products and services on various Alibaba apps such as the e-commerce platform Taobao and payment portal Alipay.
"We hope the partnership will not only improve our business in this country but also create a best practice that we can roll out to Total Group's overseas business," said Ian Lepetit, President of Total (China) Investment.
Write to Yifan Wang at yifan.wang@wsj.com
(END) Dow Jones Newswires
August 11, 2020 02:56 ET (06:56 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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