Chinese e-commerce giant Alibaba signed an agreement with Major software developer Aerospace Information Co. to work on the cloud computing segment, according to a piece of news published by the Chinese finance outlet Securities Daily. Both companies will work on the cloud computing services, finance and taxation, government affairs and blockchain technology. Alibaba and Aerospace will develop "urban brain" solutions to promote smart industry in China. Also, both companies will expand applicable scenarios and innovations for SMEs. Aerospace and Alibaba will "complement each other" in technology research and implementations. Both companies will take advantage of the venture.