Nanjing-based fintech company Suning Finance has just entered a cooperative agreement with online real estate e-commerce platform Leju.com.
Suning Finance announced on 29 July that it had executed a “comprehensive cooperative agreement” with Leju covering areas including consumer instalment-based financing, Suning Card purchases, financial inclusion, site digitisation and client added-value.
Suning Finance is the financial services vehicle of Chinese retail giant Suning.com Co., Ltd, and bills itself as “China’s financial offline-to-offline (O2O) leader.”
The company has seen over one trillion yuan in annual transactions over the past four years, and has over 80 million card members.
New York-listed Leju Holdings bills itself as China’s leading real estate e-commerce platform, covering over 380 urban centres in China and providing its services to more than 20,000 projects each year.