Baiwang to Invest 3 Million Yuan in Enterprise Credit Services JV

MT Newswires Live

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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.

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