Mobile payment cooperation with PU distribution

November 25, China Mobile and Pudong Development Bank (600000) signed the "Strategic cooperation Agreement" to implement the two sides in the mobile finance, mobile E-commerce areas and customer/channel resources such as the sharing of cooperation content. This March 11, China Mobile (00941). HK), through its wholly-owned subsidiary, Guangdong Mobile, has participated in the issue of Pudong Bank with a total of 39.8 billion yuan, and subscribed its 20% shares to become its second largest shareholder.　　Since then, since the Pudong Bank in 2009 to take 10 to send 3 and cash dividends of 1.5 yuan, after adjustment, Guangdong Mobile final subscription 2.869 billion shares, subscription price adjustment of 13.75 yuan per share, the total price from the original 39.8 billion yuan adjusted to 39.5 billion yuan.　　China Mobile's chairman, Mr Wang, said in an interview with the Chinese Securities News reporter that Pudong Development Bank is mainly in order to vigorously develop mobile payment business, and mobile phone as a carrier to promote business-to-business, such as E-commerce development, in the current small payment based on mobile phone as a carrier, transfer, large transactions and remittances and other business. The two sides signed a memorandum of strategic cooperation in March. September 20, Guangdong Mobile nominated two China Mobile executives Zhu Ming, Shaho home became director of Pudong Hair Bank.　　November 25, the two sides formally signed the "Strategic cooperation agreement." Under the Strategic cooperation Agreement, the company and China Mobile will cooperate in the field of mobile payment, including on-site payments and remote payments, and will jointly develop and promote mobile financial software and mobile payment security solutions that provide a wide range of financial services, and will also play a resource advantage for both sides, Cooperation in the areas of customer service and channel resource sharing.