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ICBC and TCL Group Sign Comprehensive Strategic Cooperation Agreement
[October 22, 2014]

ICBC and TCL Group Sign Comprehensive Strategic Cooperation Agreement


(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 22 October 2014 Release date- 22102014 - On September 26, 2014, ICBC and TCL Group held the signing ceremony of comprehensive strategic cooperation agreement in Beijing.

President of ICBC Yi Huiman, Executive Vice President of ICBC Zheng Wanchun, Chairman of TCL Group Li Dongsheng, and Senior Vice President of TCL Group Huang Xubin attended the ceremony.

The two sides agreed to deepen cooperation in fields of global finance, comprehensive credit line, investment banking, e-commerce platform, supply chain and personal finance, and focus on expanding their cooperation on overseas business and internet financial innovation by integrating TCL Group's global businesses, mobile and family end users, and customer chain of upstream and downstream industries, with ICBC's advantages in global network resource, funds and customers. At present, TCL Group has presence in more than 190 countries and territories, and owns nearly 30,000 upstream and downstream industrial customers and about 300 million mobile and family end users. As a large transnational financial group, ICBC has advantages in financial, network and customer resources and has formed a global service network across Asia, Africa, Latin America, Europe, North America and Australia. Under the strategic cooperation agreement, ICBC will offer professional and high-quality global financial services to TCL Group and jointly set an example of bank-enterprise cooperation to expand global business. ICBC will also offer financing service to TCL Group and its upstream and downstream enterprises and offer strong fund support for transformation and innovation of TCL Group and to small and medium-sized enterprises having business relations with TCL. Meanwhile, the two sides will create the user interface by TCL consumer electronics, build an O2O financial ecosphere integrating enterprises and finance, and provide users with one-stop financial services for daily life, entertainment and consumption.



Founded over 30 years ago, TCL Group has experienced dramatic change in marketization and internationalization. As one of the leading Chinese enterprises going global, TCL Group has achieved a historic transformation from a Chinese enterprise to a global enterprise and entered a brand new development stage, ranking top five in the global color-TV industry and top seven in the global mobile communication terminal sector. At the beginning of 2014, TCL Group released the strategy of 'intelligence + internet' and 'products + services' to comprehensively promote the internet-based transformation of TCL Group, and launched the third revolution of enterprise development.

ICBC has taken the initiative to adapt to the new trend of big data, cloud computing and mobile internet, and promoted the fundamental change in business management mode and service mode with the aim to build an information-based bank. It has actively adopted the internet thinking and built a relatively complete internet financial services and operation system integrating five functions, including payment, financing, financial trading, commercial service and information.


In this era of rapid development of internet, integration and collision between mobile internet and traditional businesses are reshaping industrial landscape. Industry insiders said ICBC and TCL Group are traditional giants in financial industry and consumer electronic industry respectively, and they have leveraged branding and competitive advantages in their respective industries to constantly explore and implement transformation and innovation. The two giants' cooperation for the global market and jointly building of a win-win ecosystem for bank, enterprise and users set a great model in the era.

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