China Mobile officially shares the Shanghai Pudong Development Bank, and the signing ceremony of the Strategic Cooperation Agreement was held in Shanghai today. According to the agreement, China Mobile will hold 20% per cent of the Pudong Development Bank, with in-depth cooperation in the area of mobile payments and mobile E-commerce. This is the first time the Chinese telecom enterprises and commercial banks to achieve a deep cooperation in equity, creating a new model of China's telecommunications and financial cooperation. China Mobile invests in Pudong Development Bank and will strive to bring new industry opportunities to two industries, provide better and more convenient service to the society, and bring newer and more mobile financial service experience to customers.
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