Standard Chartered and Linklogis have recently completed their first joint deep-tier supply chain financing transaction for Digital Guangdong and its upstream suppliers.
Digital Guangdong, a JV between Tencent, China Unicom, China Telecom and China Mobile to bring digital government services to the residents of Guangdong.
To date Digital Guangdong has developed more than 700 digital government services and applications and processed over 200 million transactions for the residents of Guangdong, a province in South China.
The collaboration between Standard Chartered and Linklogis provided Digital Guangdong with transparency beyond their direct suppliers into their whole supply chain, as well as cheaper and more convenient access to credit for its upstream suppliers.
With the feasibility of the joint transaction successfully demonstrated, both Standard Chartered and Linklogis are actively expanding this distinct solution to deliver the benefits to more supply chain ecosystems.