As oil prices continue to slump in 2016, China’s state-owned oil giants are sponging up revenue wherever they can find it, including the country’s internet-enabled tech giants.

Alibaba has sealed a deal with state-owned oil giant China National Petroleum Corp. (CNPC), to cooperate on a range of internet-enabled projects including mobile services, payments and cloud services.  Alibaba will leverage CNPC’s network of 20,000 fuel stations within China to add another valuable industry channel to their payment service.

CNPC chairman Wang Yilin and Alibaba chairman Jack Ma came together for a joint signing ceremony on Thursday to launch the partnership.

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com