HKG:6657

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Baiwang to Invest 3 Million Yuan in Enterprise Credit Services JV

Baiwang (HKG:6657) has agreed to form a 15 million yuan joint venture focused on enterprise credit technology services with Qichacha Technology, Yancheng Hongqiao, and Suzhou Baisheng.The company will own a 20% stake in the joint venture by investing 3 million yuan, according to a Monday bourse filing.The JV will offer large enterprises in China services such as credit profile creation, credit report generation, and help with scoring and rating, risk monitoring, and decision-making, among others.

HKG:6657

Asia80d ago

Baiwang Signs AI Data Services Partnership With Ant Blockchain; Shares Up 9%

Baiwang (HKG:6657) entered into a cooperation agreement with Ant Blockchain Technology to jointly develop enterprise data intelligence services, according to a Thursday Hong Kong bourse filing.The companies will collaborate on enterprise risk identification, transaction analysis, credit decision support, and other AI-powered data intelligence services.The one-year agreement aims to expand the application of Baiwang's "Data+AI" capabilities and support its transition from a tax and finance services provider to a data intelligence platform, the company said.Shares of the firm were up over 9% in Friday morning trade.

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