eCOM and Ping An Smart City Sign a Strategic Cooperation Agreement

On November 6, 2019, Ping An International Smart City Technology Co., Ltd. (“Ping An Smart City”) and eCOM Information Technology (Shanghai) Co., Ltd. (“eCOM”) signed a strategic cooperation agreement in Shanghai. Both parties will dedicate full access to their respective technical strengths and resource advantages to establish long-term and sustainable cooperative partnership in the areas of trade, finance, logistics, customs, data security, and big data. Mr. Charlie Cao, general manager of the Commerce Department of Ping An International Smart City Technology Co., Ltd., Mr. Aany Yang, Strategic Director of Ping An Insurance Smart City Development Office, and Mr. Zhibo Song, ecosystem director of Ping An International Smart City Technology Co., Ltd., eCOM board chairman Mr. Manuel Fong Jr, managing director Mr. Horace Mak, and eCOM COO Mr. Dingjun Liu and other officials attended the signing ceremony.

Both parties signed a strategic cooperation agreement on November 6, 2019

Mr. Charlie Cao, General Manager of the Commerce Department of Ping An International Smart City Technology Co., Ltd., and Mr. Horace Mak, Managing Director of eCOM signed the strategic cooperation agreement on behalf of both parties

eCOM is a leading big data integration and big data infrastructure provider, providing global business intelligent data visibility, data interconnectivity,  e-commerce, and supply chain solutions built on blockchain, AI, EDI, and API technologies. Mr. Mak mentioned that eCOM specializes in B2B technology to achieve interconnectivity among enterprises, customs, and banks through digital transformation. eCOM is also an expert in establishing trade platforms to create green channels for vertical industry ecosystem participants, leveraging blockchain technology to facilitate legitimate trade through data visibility and trusted data enablement. eCOM has deep domain knowledge experience in cross-border trade, port, and customs affairs for over a decade, with highly specialized business and technical capabilities. eCOM believes that through the cooperation with Ping An, both parties can jointly promote Ping An’s smart city project and provide professional services for more small to medium-sized enterprises as well as local governments.

Mr. Cao mentioned that the "1 + N" smart city platform system is essential to provide strong support for the smart city project under Ping An Group’s "finance + technology" and "finance + ecosystem" strategies. Therefore, reaching a strategic cooperation with eCOM is of great significance in promoting the construction of such smart cities. Whether it be the local China domestic or international markets, eCOM has the skillset in trade, port, customs affairs and other industries. Combined with Ping An's large amount of data aggregation, strong capital support, competitive resource groups, and financial and other industry expertise, both sides integrate seamlessly to provide a highly advantageous collaboration and create the greatest value for smart cities. Through the joint efforts of eCOM and Ping An, both can continue to penetrate further into professional fields and build vertical market platforms that best serve enterprises and the government.

During the signing ceremony, both parties agree on the basis of complementary advantages to promote a very practical and realistic cooperation. eCOM and Ping An Smart City will not only jointly focus in data security, digitization for smart trade and smart finance to improve the effectiveness of city management, but also will jointly promote the development of sustainable, innovative, and green urban ecosystems to realize trade facilitation as well as financial facilitation, for the benefit of small to medium-sized enterprises.