Local government in Qingxi Town, Dongguan City, Guangdong Province, South China will build a node for China Smart Network with a total investment surpassing CNY 1 billion from tens of companies headed by Alibaba Group, which will make the town an Internet commercial center. Alibaba, Intime Department Store (Group) Co., Ltd. teamed up with Fuchun Holding Group, Shanghai Fosun High Technology (Group) Co., Ltd., China Post, China S.F. Express (Group) Co., Ltd. and Beijing ZJS Express Co., Ltd. as well as some financial institutions to form Cainiao Network Technology Co., Ltd. for building China Smart Network in Mainland China. A node project will be built in Qingxi Town with registered capital of CNY 100 million, serving major e-commerce market in Shenzhen and Hong Kong.