China Merchants, Tencent ink strategic agreement

Country’s first cross-industry cooperation between financial and Internet organization aims to create a financial service platform.

Chinese Internet company Tencent and China Merchants Bank have signed a strategic cooperating agreement to realize overall cooperation for the construction of a financial service platform.

The signing of the agreement marks the first overall cross-industry cooperation between a financial organization and an Internet portal in China. The cooperation will reportedly cover various sectors, including branding, services, and industry development. The two parties will promote each other's products and services, implement mutual marketing of customers, jointly organize charity activities, jointly initiate marketing activities, and jointly hold financial brand forums.

View the full story in China Tech News.