News Column

UA Finance, Sohu to Dig Mainland Internet Finance

September 4, 2014



BEIJING, September 4, SinoCast -- UA Finance, in which Sun Hung Kai holds a 58% stake, reached a comprehensive strategic cooperation agreement with souyidai.com, an Internet finance platform under Sohu.

Both parties will conduct business cooperation, launch strategic cooperation in the investment user terminal and jointly march into the Internet finance sector.

Founded in 1991, UA Finance is the largest non-financial finance institution in Hong Kong and the largest foreign-funded small loan company in China and sets up outlets in 15 provinces and municipalities and more than 160 outlets in Mainland China and Hong Kong.

A Hong Kong stock analyst said UA Finance has clear main business, specializes in online credit and ordinarily small loans and owns the condition for an independent listing. This cooperation is a big step for it to expand its mainland business.


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Source: Sinocast Internet, Media & Online Services Beat (China)


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