DISCLOSEABLE TRANSACTION JOINT VENTURE AGREEMENTMay 24th, 2017
FiledMay 24th, 2017On 25 May 2017, the Company through one of its wholly-owned subsidiaries entered into the JV Agreement with a wholly-owned subsidiary and an associate of Tsinghua Holdings for establishing the JV Company. The JV Company will provide full value chain services including research, incubation of ventures and sales and marketing focusing on the process of converting technology into productivity, primarily through leveraging on the scientific research and talents advantage of Tsinghua University, the management experience in financial investment and related project resources of Tsinghua Asset Management, and the Group’s well-established channel network in the technology industry and strong bases for serving the upstream and downstream supply chain. The JV Company’s scope of business includes (but not limited to) the provision of supply chain finance, consumer finance, new retail and industrial merger and acquisitions and investments relating to the technology sector.