Tech Insider: Alibaba Gets Hometown Backing for AI Plans, Truce Signaled in China’s Auto Price War

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Alibaba gets backing for AI, digital economy plans from home province

Alibaba Group Holding Ltd. plans to work with its home province, one of the nation’s wealthiest, to develop artificial intelligence (AI) and the digital economy.

Zhejiang, a province on China’s eastern seaboard, entered a cooperation agreement with the tech giant, vowing to create a better business environment for platform-economy firms and to encourage innovation in areas including AI, state media reported Wednesday.