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XTransfer and Tencent Cloud team to digitise foreign trade enterprises

By Gloria Mathias

November 28, 2023

  • AI technology
  • B2B foreign trade finance
  • China APAC News

Tencnt Cloud, XTransfer, Shanghai, Finance Solutions, Fintech Trade, Foreign Trade Solutions, SME Solutions, MSME, Japan, China APAC News, XTransfer and Tencent Cloud have signed a cooperation agreement in Shanghai to facilitate the digital transformation of the foreign trade industry.

In this strategic partnership, both parties will fully cooperatively share their respective advantages, including technology, brand, and resources, to jointly create more competitive product solutions in foreign trade digitalisation, contribute to the digital transformation of the foreign trade industry, and support the development of SMEs.

As AI continues to extend its application in the foreign trade industry, XTransfer is collaborating closely with Tencent Cloud to enhance the digital experience of foreign trade companies in areas such as cross-border payments and finance, risk control services, marketing and customer acquisition, customer management, and employee management.

This collaboration aims to help foreign trade enterprises benefit from the technological advantages of the AI era, enabling them to enjoy efficient risk control and seamless product experiences. Tencent Cloud will provide technical support to XTransfer for building large-scale models, assisting in the digital transformation of XTransfer’s products, and jointly expanding the application of AI technology in various foreign trade scenarios.

Bill Deng, Founder and CEO of XTransfer, said, “Tencent Cloud possesses industry-leading self-developed products and technologies. Through deep collaboration, we can create more leading solutions tailored for the B2B foreign trade industry and drive the penetration of these solutions into SMEs, accelerating the digitalisation of foreign trade.”

Xu Yiming, Vice President of Tencent Cloud, said, “This partnership demonstrates Tencent Cloud’s innovative approach in the B2B foreign trade finance field, further solidifying our technological capabilities in the digitalisation of foreign trade. Going forward, Tencent Cloud is committed to supporting the growth of partners in the foreign trade industry and fostering its digital transformation. Both parties will collaborate closely, leveraging their strengths to propel various industries towards a new digital and physical integration realm.”

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