Twenty-four deals with a combined investment value of 49.3 billion yuan are agreed upon on the sidelines of the main forum of the inaugural Global Digital Trade Expo, which was held in Hangzhou, capital city of East China's Zhejiang province on Dec 12. [Photo/taizhou.com.cn]

Twenty-four deals with a combined investment value of 49.3 billion yuan ($7.04 billion) were signed on the sidelines of the main forum of the inaugural Global Digital Trade Expo, which was held in Hangzhou, capital city of East China's Zhejiang province on Dec 12.

Of the 24 deals signed at the event, three worth 16 billion yuan were inked by the delegation sent from Taizhou, another city in Zhejiang.

Specifically, Taizhou's Jiaojiang district forged a partnership with Cowr Technology Investment Holding Co Ltd, Huangyan district joined hands with Qingtao (Kunshan) Energy Development Co Ltd, and Tiantai county teamed up with Zhejiang Decent New Materials Co Ltd.

The Global Digital Trade Expo, which kicked off in Hangzhou a day earlier, was sponsored by the Zhejiang Provincial People's Government and the Ministry of Commerce. It spans 80,000 square meters and has attracted more than 800 domestic and foreign heavyweights in the digital trade segment, including Tesla, Alibaba and Tencent.