Industrial and Commercial Bank of China

BaishanCloud Announces Completion of Series C Plus Private Equity Financing

Retrieved on: 
Friday, June 1, 2018
Finance, Economy, Money, Industrial and Commercial Bank of China, Baishan, Private equity

BEIJING, May 31, 2018 /PRNewswire/ -- BaishanCloud (Baishan), a leading provider of cloud data services in China, announced today that it has completed its Series C+ round of private equity financing.

Key Points: 
  • BEIJING, May 31, 2018 /PRNewswire/ -- BaishanCloud (Baishan), a leading provider of cloud data services in China, announced today that it has completed its Series C+ round of private equity financing.
  • In the meantime, Industrial and Commercial Bank of China (ICBC) formed a strategic partnership with Baishan through a combination of equity investment and banking facilities.
  • With the conclusion of Series C+, Baishan has completed a total of six rounds of private equity financing since its inception in April 2015.
  • Founded in April 2015, BaishanCloud (Baishan) is a leading provider of cloud data services in China specializing in data life cycle management.

ICBC (Asia) Leverages Cutting-edge Technology to Drive Cross-border Financial Upgrades and Development

Retrieved on: 
Friday, May 25, 2018
Economy of China, Industrial and Commercial Bank of China, Stock market, Banks

This brings great opportunities to ICBC (Asia)'s cross-border finance business as well as challenges to ICBC (Asia)'s business systems and its ICT infrastructures.

Key Points: 
  • This brings great opportunities to ICBC (Asia)'s cross-border finance business as well as challenges to ICBC (Asia)'s business systems and its ICT infrastructures.
  • This protects ICBC (Asia) from vendor lock-in and allows more top-notch ICT companies to participate in the bank's network development.
  • ICBC (Asia) is using scientific innovation and the latest technology to drive business upgrades and development, and promote the extensive convergence of modern information technology, and banking business operations and development.
  • ICBC (Asia) will seize this opportunity, work hard to build its ICT systems into its core strength and important support in offering financial services.

Chinese banks overshadow Western counterparts in latest global bank rankings

Retrieved on: 
Wednesday, May 16, 2018
H shares, Financial services, Economy of China, Economy, Big Four, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank, China

LONDON, May 16, 2018 /PRNewswire/ -- The latest global bank rankings report from S&P Global Market Intelligence found that Chinese banks continued to expand in 2017, accounting for a fifth (18) of the world's largest banks, collectively reporting $23.761 trillion in assets at the end of 2017.

Key Points: 
  • LONDON, May 16, 2018 /PRNewswire/ -- The latest global bank rankings report from S&P Global Market Intelligence found that Chinese banks continued to expand in 2017, accounting for a fifth (18) of the world's largest banks, collectively reporting $23.761 trillion in assets at the end of 2017.
  • China's 'Big Four' banks - Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China, remained as the top four banks by assets year-over-year, posting a combined $13.637 trillion in assets.
  • "Asian banks continue to dominate the S&P Global Market Intelligence global bank rankings with Chinese institutions claiming the top four spots," said JP O'Sullivan, Managing Director of Financial Institutions at S&P Global Market Intelligence.
  • S&P Global Market Intelligence data shows that Chinese banks recorded the highest growth in assets in the past ten years.