Both companies will develop a partnership based on the Alibaba Business Operating System
Alibaba and Total (China) Investment have signed a Memorandum of Understanding. They aim to pursue strategic collaboration and drive the digital transformation of the company’s operations in China.
The partnership will provide digital infrastructure and support for Total (China) Investment’s service stations, lubricants, and special fluids businesses in China.
This way, the company will be able to enhance the accessibility and flexibility of its product offerings and services. Besides, it will accelerate its branded retail and outlet footprint and drive sustainable growth opportunities.
The partnership will cooperate with over 10 business units in the Alibaba Digital Economy, according to the report.
We’ve reported that the value of global trade in services is expected to grow by 31% over 5 years. It is anticipated to rise to $8 trillion compared to $6.1 trillion in 2019.