Ping An Bank Enters Strategic Partnership with JDD, Launches Joint Credit Card

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The lending unit of Ping An Group and JD.com’s fintech vehicle have just entered a strategic partnership covering a range of areas.

Ping An Bank and JDD officially signed a strategic cooperative agreement on 20 October in Beijing for the “establishment of a long-term, stable cooperative relationship, and continuing to undertake comprehensive cooperation in areas including sales, corporate finance, wealth management and financial markets; smart sales, smart risk control and financial digitisation.”

On the same date Ping An Bank and JDD jointly also launched the “Ping An Bank JD White Stripe Joint-name Credit Card” (平安银行京东白条联名信用卡).

Ping An Group CEO and Ping An Bank chair Xie Yonglin (谢永林) said that Ping An Bank and JDD possessed unique advantages in their respective business areas, and hoped that the strategic partnership would achieve an upgrade from traditional business models to “site-based operation” and the creation of a joint ecosystem.

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