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Foxconn agreement
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The Hangzhou government last week signed an agreement with Foxconn Group, the world鈥檚 largest electronics contractor.
Foxconn will join hands with Hangzhou-based Alibaba Group to provide services for small and medium-sized enterprises to improve product quality and build brands.
The deal will not only benefit Foxconn Group, but also boost Hangzhou鈥檚 industrial innovation, said Gong Zheng, Party secretary of Hangzhou.
Gong said the Hangzhou government will play the role of a service provider to Foxconn and help the Taiwan-based company develop its business in the city.
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