One of China’s leading financial conglomerates has entered a strategic partnership with a Shenzhen-listed Internet of Things (IoT) firm for collaboration in the fintech sector.
On 5 August Ping An Group and BOE Technology Group Co. (京东方科技集团股份有限公司) executed the “Strategic Cooperative Framework Agreement” (战略合作框架协议) in Beijing.
Under the Agreement the two parties will engage in long-term strategic cooperation in the areas of smart ports, fintech and healthcare, as well as work together on the development of artificial intelligence, blockchain, cloud technology and big data applications.
Established in April 1993, BOE Technology bills itself as an IoT company that provides intelligent interface products and professional services for information interaction and human health.
The company’s three core businesses encompass interface devices, smart IoT systems and smart medicine and engineering integration.