Tongcheng Travel (00780) reached a strategic cooperation with UnionPay Business

The Zhitong Finance App learned that on November 25, Tongcheng Travel (00780) reached a strategic cooperation with UnionPay Business Payment Co., Ltd. (hereinafter: UnionPay Business). According to the agreement, the two sides will actively explore and develop cooperation in omni-channel integrated payment business, marketing business, and big data business in various scenarios. Sun Zhanping, member of the UnionPay Business Party Committee and vice president, and Bai Zhiwei, CMO of Tongcheng Travel, signed the contract on behalf of the two parties.

(Sun Zhanping, member of UnionPay Business Party Committee and Vice President, signed a contract with Tongcheng Travel CMO representative Bai Zhiwei)

As a leading integrated payment and information service operator in China, UnionPay Business has been actively promoting its own digital transformation in recent years, creating comprehensive customer solutions covering payment, value addition, and technology products to empower customer operations and create value for customers in all aspects. As a comprehensive domestic travel service platform, Tongcheng Travel has a huge user base and high consumer stickiness in the mass travel market. At the same time, it also has HopeGoo, a reservation platform that serves international travelers. The two sides have broad possibilities for cooperation, whether in scenario cooperation, payment solutions and product cooperation, or marketing cooperation.

After signing the agreement, UnionPay Business will provide Tongcheng Travel with various comprehensive payment solutions and payment products including but not limited to bank cards, installments, wild cards, B2B large payments, mobile internet, and cross-border payments. The cooperation includes applets, apps, H5 and other business scenarios, covering all business segments of Tongcheng Travel, including air tickets, train tickets, hotels, scenic spots, and vacations, and actively provide more favorable and convenient payment methods for various channels and businesses.

At the signing ceremony, Sun Zhanping, member of the UnionPay Business Party Committee and vice president, and Bai Zhiwei, CMO of Tongcheng Travel, expressed full recognition of the early cooperation business and future direction of cooperation. They look forward to using their respective competitive advantages in the industry to achieve simultaneous improvement of the two parties' brands and businesses.

According to reports, in addition to business cooperation, the same trip also reached a cooperative agreement with UnionPay Business on party building and joint building exchanges and the formation of a “Joint Economic Research Group.” The two sides will closely carry out a series of cross-regional and multi-form party building exchange activities around the development line of “financial institution party building leads business”. At the same time, the “Joint Economic Research Group” will also continue to produce relevant industry research and analysis on market trends and development trends.

Also attending the strategic signing site were Chen Cheng, Deputy Party Secretary and Deputy General Manager (presiding over) of China UnionPay Jiangsu Branch; Ge Xiaojun, General Manager of UnionPay Business & Industry Development Center; Li Haifeng, General Manager of UnionPay Business Jiangsu Branch; Liu Jun, CEO of Tongcheng Travel Digital Intelligence Division; Xu Ning, General Manager of the Strategic Client Division; Li Hongyu, CEO of the App Division; and Yang Delin, a senior expert in the strategic customer department.