Chinese smartphone maker Honor and Chinese fintech large Ant Group have collectively introduced a strategic cooperation settlement on March 16. The two sides will work collectively in 5 main areas: digital operation, cost innovation, safety know-how, digital finance and environmental, social, and governance methods (often known as ESG).
As a widely known sensible machine supplier, Honor has constructed an ecology together with smartphones, PCs, tablets, wearables, sensible screens, IoT merchandise and different gadgets primarily based on the MagicOS working system. Ant Group, in the meantime, has developed its personal path inside 5 main sectors: digital cost, digital interconnection, digital finance, digital know-how and globalization.
Eric Jing, chairman and CEO of Ant Group, stated, “The two sides motivated each other and reached consensus in past agreements. In the future, I hope that through further open cooperation and collaborative creation, we can provide better services to consumers, strive for win-win results, and bring greater value to the industry and society.”
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How to raised present customers with high-value digital companies is the main target of consideration for each firms. Ant Group’s Alipay Life Service and Honor’s MagicOS collectively create dozens of clever state of affairs companies together with subway transportation, authorities affairs, medical remedy, and many others. The companies are despatched to customers through Honor’s YOYO Smart Assistant, which goals to be each environment friendly and handy. The two sides additionally launched a brand new perform because the entrance digital camera can be utilized to scan QR codes by merely turning over the smartphone.
Since 2021, Honor has launched mini packages and video channels on Alipay, and introduced comfort to shoppers with the assistance of client finance capabilities similar to Huabei installment. Recently, Honor’s new flagship smartphone, the Honor Magic5 sequence, went on sale, and customers can now buy the cellphone with Huabei’s interest-free instalments.
In the sector of innovation and know-how, Honor and Ant Group have constructed a brand new joint innovation laboratory on the idea of the present safety know-how laboratory. They will proceed to strengthen privateness and safety cooperation and collectively discover future cost kinds. For instance, they are going to analysis ubiquitous safe funds primarily based on {hardware} safety that can be carried out to speed up the implementation of recent companies similar to wearable machine cost, out-of-network cost and tremendous code scanning.
They can even cooperate on ESG areas. For instance, Honor’s smartphone recycling service can be linked to the Ant Forest public welfare compaign sooner or later. They can even work collectively to develop inexperienced, low-carbon, disabled-friendly and age-friendly applied sciences and companies. This sequence of cooperation can be carried out inside Honor smartphones and Alipay app, contributing to the sustainable improvement of society.
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