In September 2020, Zhejiang University International Business School (ZIBS) signed an agreement with Ant Group to jointly build a fintech research center. The two side agreed to take advantage of their strengths and strengthen cooperation in research, talent training, and enterprise-university-research institution interaction. They aim to rely on the establishment and development of the center to accumulate more research results and train more professionals for fintech development in Hangzhou, Zhejiang Province. Ant Group will continue its industry support for ZIBS in the international Master of Business Administration (iMBA) and the international Master of Finance (iMF) programs.