eCOM and OneConnect to Jointly Design the “Smart Trade + Big Financial Data Platform"

On January 21, 2020, eCOM Information Technology (Shanghai) Co., Ltd. (“eCOM”) and OneConnect Technology Co., Ltd. (“OneConnect) have signed a strategic cooperation agreement. The latter agreement lays the foundation for an in-depth cooperation through sharing solutions, co-designing product and promoting the "Smart Trade + Big Data Financial Platform, product risk control and modeling, and government business cooperation as well as Customs business cooperation.

eCOM and OneConnect will their share respective solutions such as eCOM’s  Smart Port Free Trade Cloud Platform, and Global Supply Chain Data Sharing platform and OneConnect’s Smart Financial Services Integration Platform. Both parties will jointly design the "Smart Trade + Big Financial Data Platform” to integrate five key categories, including government trade regulators, banks and financial services institutions, core enterprises, small to medium-sized enterprises, and platform operators , including third party trade service providers (i.e. warehousing, transportation, freight forwarders, and customs brokers). The platform will also provide “Data Channel + Operational Application” and “Trade Finance Marketplace” services for small and medium-sized trade enterprises, such as export tax rebates, import duties, and account receivable financing services. Finally, both parties will promote and implement the platform in their respective cities and core enterprise customers.

The strategic cooperation agreement signed between eCOM and OneConnect establishes a very promising long-term cooperation. Both parties will not only jointly promote professional Smart Trade services in its "trade + financial” platform, but also will provide better financial services while creating solid business values for small and medium-sized enterprises in achieving trade facilitation and financial facilitation.