Bestpay : technology empowerment and innovation reform /
Bestpay (also known as Orange Finance) is the Internet financial platform of China Telecom. In 2018, Bestpay was selected into the "Double Hundred Enterprises" of SASAC. Taking the mixed ownership reform as an opportunity, the company coordinated resources and business with strategic inves...
| Main Authors: | , , |
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| Format: | eBook |
| Language: | English |
| Published: |
London :
Renmin University,
2020.
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| Series: | SAGE business cases
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Bestpay (also known as Orange Finance) is the Internet financial platform of China Telecom. In 2018, Bestpay was selected into the "Double Hundred Enterprises" of SASAC. Taking the mixed ownership reform as an opportunity, the company coordinated resources and business with strategic investors, vigorously developed financial technology, and empowered business development with technology. The company upgraded to smart finance through emerging technologies and supported the development of financial services through technological innovations such as intelligent risk control innovation, media innovation, big data technology innovation, and independent R&D innovation. The company has actively explored model innovation, such as relying on the advantage of China Telecom to explore the operator-style differentiated business model of "industry + finance + technology"; taking innovative technology as the cornerstone to build the "Four Platforms" to empower the group's ecosystem; and taking data technology as the driving force to build a "payment + finance" technology ecosystem of cluster symbiosis and linkage development. In addition, under the guidance of the "3 + 3" policy system at the company and staff level, through the implementation of a series of reforms such as equity diversification and mixed ownership reform, improvement of corporate governance structure, market-oriented operating and incentive mechanism, and restraint mechanism, Orange Finance is transforming into a more market-oriented direction in terms of institutional mechanisms. |
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| Item Description: | Originally Published InShi, M., Zeng, M., & Liu, S. (2020). Bestpay: Technology Empowerment and Innovation Reform. Beijing, China: Renmin University Business School. |
| Physical Description: | 1 online resource : illustrations. |
| Bibliography: | Includes bibliographical references. |
| ISBN: | 9781529767865 1529767865 |