China`s oil giant, Alibaba to jointly offer `smart energy` services
Source: www.chinamining.org Citation: Xinhua Date: March 11, 2016
Open up the app on your cell phone and pay your gas bill with just one tap.
That is what possibly could be achieved through a partnership between China`s energy giant China National Petroleum Corporation (CNPC), Alibaba and its Internet finance arm Ant Financial, after the two sides signed an official agreement on Thursday.
According to a statement published on CNPC website, the partnership will focus on online maps, logistics, Internet payment, and membership sharing.
CNPC PetroChina already allows customers to add credit to their pre-paid gas cards through Ant Financial`s Alipay, one of the country`s leading mobile payment systems.
This agreement is a new approach by CNPC in its battle against low oil prices and signals a desire by both sides to transform the oil and gas industry, the statement said.
China is transforming its energy sector with the help of the Internet. A guideline on the "Internet Plus" strategy released by the State Council last year has listed "smart energy" as one of its 11 priorities.
CNPC and Alibaba are attempting to a system that improves the customer experience by meeting their demand, the statement said.
For Alibaba, the partnership could also mean an expansion of its logistics network, with PetroChina`s over 20,000 gas stations countrywide.
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