June 4 (NBD) -- China Fortune Land Development Co., Ltd. ("CFLD", 600340.SH), the country's industrial zone developer and operator, has inked a strategic agreement with Alibaba's cloud computing arm, in a bid to forge cooperation in new retail, new finance, new manufacturing and new technology.

The tie-up is aimed to combine the Internet of Things technology of Alibaba with CFLD's expertise in constructing and operating industrial parks.

Email: gaohan@nbd.com.cn