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JD Finance, ICBC in Latest Internet, Banking Collaboration

If the two company's account information can be combined, a powerful database of user information may emerge. ICBC currently has 550 million offline users serviced by 16,000 physical branches. JD.com has 240,000 active users, while JD Finance has 150,000 users. Photo: IC
If the two company's account information can be combined, a powerful database of user information may emerge. ICBC currently has 550 million offline users serviced by 16,000 physical branches. JD.com has 240,000 active users, while JD Finance has 150,000 users. Photo: IC

JD Finance and the Industrial and Commercial Bank of China (ICBC) are the latest pair to create a banking platform connecting the online and offline worlds.

Internet and banking tie-ups are not rare in China. On top of customer data sharing, largely offline banks are also able to reclaim customers who have grown accustomed to the convenience online lenders provide, while internet companies can expand into highly regulated retail-banking.

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