XTransfer, China’s No.1 B2B foreign trade financial technology platform, and Tencent Cloud signed a strategic cooperation agreement in Shanghai. Bill Deng, Founder and CEO of XTransfer, and Xu Yiming, Vice President of Tencent Cloud, conducted the signing ceremony. Both parties will fully open and share their respective advantages, including technology, brand, and resources, to jointly create more competitive product solutions in foreign trade digitalisation, contribute to the digital transformation of the foreign trade industry and support the development of SMEs.
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XTransfer was established in 2017 and has served over 400,000 foreign trade SMEs in China. Regarding customer base, it has become the No.1 B2B foreign trade finance platform in China. XTransfer is a major leader and promoter in the B2B cross-border payment industry and an important participant in the digital service sector of the foreign trade industry. It has been committed to providing convenient, secure, and cost-effective digital services for foreign trade SMEs.
As the cloud business of the global technology company Tencent, Tencent Cloud provides globally leading cloud computing, big data, artificial intelligence, and other technological products and services to business organisations, enterprises and individual developers around the world. Leveraging advanced technological capabilities, Tencent Cloud creates a broad range of industry solutions, fosters an open and win-win cloud ecosystem, promotes the development of internet-based products and services, and supports various industries in achieving digital upgrades.
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In this strategic partnership, both parties will adopt an open attitude and share resources while collaborating in areas such as product solutions, technology research and development, product integration, and extension. This will further ensure the stability of XTransfer’s product services and promote the application of AI technology in the digitalisation of foreign trade, accelerating its global business development.
Earlier this year, XTransfer officially embarked on its globalisation process, starting with Hong Kong and continuously expanding into international markets to serve more foreign trade companies. Its technology platform and numerous services are built on cloud infrastructure. “When an enterprise reaches a certain stage of development, whether for cost or stability considerations, it is necessary to implement a multi-cloud solution. At this stage, our biggest concern is not cost but rather building better products, enabling foreign trade companies to enjoy seamless financial services. Tencent Cloud’s technological capabilities have been refined through hundreds of large-scale financial institution business scenarios, achieving deep integration between financial business scenarios and technological capabilities. The autonomy and controllability of the technology have been widely verified in the digitisation practices of financial institutions. Tencent Cloud’s core capabilities in cloud computing, databases, big data platforms, and its significant advantage in global network coverage will provide strong support for the technical deployment of XTransfer’s numerous global sites in the future while continuously enhancing user experience,” said Ma Jiwu, Technical Director of XTransfer.
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