Zibo, July 10th - The signing ceremony of cooperation between Shandong Energy Zibo Mining Group and Alibaba Cloud Computing Co., Ltd. Was held in Zibo. On the same day, the first project of the cooperation, the cement industry “Smart Brain”, was held at the Donghua Cement Company.
In 2017, Yankuang Group achieved an operating income of 60.1 billion yuan, with profit and tax reaching 7.1 billion yuan and a total asset of 50 billion yuan. Alibaba Cloud was founded in 2009 and is a subsidiary of Alibaba aimed at industrial customers, providing services like integrated cloud computing, big data, and AI assistance.
70% of the industry in Shandong Province is heavy industry, and energy consumption of the province takes up more than one tenth of that of China. Ali's big data service could reduce standard coal consumption and production costs without changing existing processes and added equipment.