On July 22, Beijing StarTimes International Investment Co., Ltd. and China Zhejiang Commodities City Group Co., Ltd. (hereinafter referred to as "Commodities City") formally signed a strategic cooperation framework agreement. In the future, both sides will cooperate in commodity supply and marketing, brand promotion, international warehousing building and the construction of logistics system in Africa, so as to join hands in African e-commerce market and achieve win-win results.