DiDi and Bank of Shanghai Enter into a Partnership to Develop Integrated Digital Financial Services

DiDi and Bank of Shanghai Enter into a Partnership to Develop Integrated Digital Financial Services


(Beijing, August 18, 2020) – DiDi Finance, the fintech arm of Didi Chuxing (“DiDi”), the world’s leading mobile transportation and local services platform, announced today it signed, on August 17, 2020, a strategic partnership agreement with the Bank of Shanghai. Under the agreement, the two parties will join hands in developing diversified, quality digital financial services in industry and commerce, consumer financial services, product and dedicated online access. The two sides will also work on creating a digital finance laboratory to explore new fintech-based digital financial service models.


Bank of Shanghai, with its operational network extending from the Yangtze River regions to all key urban clusters in China, ranks 73rd on the Banker’s Top 1000 World Banks List.


DiDi is the world’s largest mobility platform by volume of transactions, delivering over 10 billion orders annually. DiDi Finance develops an expanding range of licensed financing, mutual protection insurance, payment, wealth management and other financial products through the main DiDi app to tens of millions of car-owners, drivers, riders and business partners in China.


Hu Debin, Vice President of the Bank of Shanghai, noted that the flourishing of online transactions during COVID-19 raised the bar for contactless financial services. “DiDi not only provides various transportation services for hundreds of millions of users, but also makes notable efforts in the financial sector. Bank of Shanghai hopes to integrate its financial technology and innovation capability into the diversified service scenarios on DiDi’s platform, strengthen online and offline cooperation, and facilitate the digitalization of financial services.”


“DiDi Finance is committed to working with partners in the broader financial ecosystem to build value-added financial solutions,” said Alan Zhuo Yue, Vice President of Finance and Operation Management at DiDi and General Manager of DiDi Finance. “Bank of Shanghai is a recognized leader in the digital banking sector. We are equally committed to China’s program of systemic integration of digital technology with financial and industrial development. DiDi and Bank of Shanghai look forward to beginning financial innovation in the smart mobility sector and expanding soon into a broader range of efficient and convenient financial services for our users.”


Earlier in 2020, DiDi was selected as an inaugural partner in China’s Digital Currency Electronic Payment (DCEP) program by the People’s Bank of China.



Share on facebook
Share on twitter
Share on linkedin
Share on email


Microsoft-backed Builder.ai Secures Over US$250 Million in Series D Funding

Microsoft-backed Builder.ai Secures Over US$250 Million in Series D Funding

London-based artificial intelligence (AI)-powered composable software platform Builder.ai has raised a significant investment of over US$250 million in Series D funding. Led by Qatar Investment Authority (QIA), the funding round brings the total amount raised by the company to over US$450 million, resulting in a valuation increase of up to 1.8x.

Essential Gaming Slang Terms for True Gamers

Essential Gaming Slang Terms for True Gamers

Gaming is not just a hobby; it’s a culture with its own unique language. Understanding slang and jargon is crucial for having an immersive experience and connecting with fellow gamers. From the acronyms that define player roles to the phrases that capture epic moments, mastering these slang terms is a must for every true gamer.

LinkedIn Launches Tools to Boost Job Seekers' Safety and Confidence

LinkedIn Launches Tools to Boost Job Seekers’ Safety and Confidence

Networking platform LinkedIn has introduced a range of tools to empower job seekers to confidently navigate their job search process while ensuring their safety and security. The latest updates include the implementation of verifications on job posts, enabling the display of verified information about job posters or their companies.

A Step-by-Step Guide

The Power of a Wikipedia Page for Your Business: A Step-by-Step Guide

The one thing that builds trust between your company and its potential customers is having its own Wikipedia page. It is the first thing that shows up when someone looks up your company (besides your website of course!) and gives potential customers all the information they might need about your business.

Top 5 Unique Pet Care Startups to Watch

From Diagnostics to Play Dates: Top 5 Unique Pet Care Startups to Watch

All pet owners out there understand the feeling of wanting to do whatever it takes to make their furry companions’ lives just a little bit more comfortable. It is perhaps that exact feeling that has made the average pet owner spend over US$1,300 on pet care a year. According to a 2021 survey conducted by the market research firm OnePoll, 52% of Americans spend more on their pets than they do on themselves each year.

Course5 Intelligence Gains US$55 Million Funding Boost

Course5 Intelligence Gains US$55 Million Funding Boost; Closes First Round Successfully with 360 ONE Asset’s Tech Fund

Analytics and artificial intelligence (AI) solutions company Course5 Intelligence has recently announced its plans to raise a funding round of USD 55 million. The initial closing of the funding round was achieved through the participation of 360 ONE Asset Management Limited’s Tech Fund, which specializes in investing in promising technology companies. Leading the round, 360 ONE Asset invested US$28 million in Course5.