Ping An Bank Co., Ltd. (000001.SZ) has accelerated "Internet plus" transformation with "platform plus platform" strategy to offer Internet finance and supply chain finance services for small- and medium-sized enterprises SMEs. Ping An Bank has launched an e-commerce platform in 2014 for business to business (B2B) and business to customer (B2C) activities, but different from traditional e-commerce platforms, clients on it are acquainted with each other.
The platform has connected with enterprises, logistics companies and third-party. Now there are a million customers and 400,000 companies registered on the platform. Ping An Bank also invented the idea of "platform plus platform" that cooperates with third-party platforms to provide financing service for SMEs.
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