(Yicai Global) Aug. 24 -- Bank of China, Alibaba Group Holding and Ant Group signed a comprehensive agreement in Hangzhou today to hasten the development of internet-linked finance.

Bank of China, Alibaba and Ant Group will upgrade their cooperation in traditional finance, personal digital finance, financial technology, integrated operation, and market innovation, according to a press release from Ant Group.

Alibaba and Ant will use their advantages of internet technology to jointly carry out financial technology collaboration and innovation, including the digital transformation and intelligentization of the bank and its branches.

Editor: Ben Armour