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In 2024, with determined steps and a pragmatic approach, VTeam Group comprehensively mapped out its strategic presence in Chinese enterprises’ overseas expansion, export, and cross-border e-commerce sectors. The Group is committed to providing one-stop, full-lifecycle financial support for Chinese enterprises’ overseas expansion, covering export trade financing, offshore trade financing, overseas project financing, overseas bank account opening, cross-border payment and exchange services, and other comprehensive financial solutions. Meanwhile, VTeam Group has pioneered three two-factor international factoring products in China’s commercial factoring industry: two-factor export factoring, two-factor import factoring, and two-factor offshore factoring, leading the creative development of international factoring business.

Now, let’s look back on VTeam’s top 10 events in 2024!

Event 1: Dr. Fongtai WEN, VTeam Chairman, Meets Former Australian PM John HOWARD

In May, Dr. Fongtai WEN, Chairman of VTeam Group, attended a China-Australia business event in Australia and met with Mr. John HOWARD, the former Prime Minister of Australia. They had cordial exchanges on future cooperation opportunities and development prospects for enterprises between China and Australia, laying a solid foundation for VTeam’s further expansion in the international trade business.

Event 2: VTeam and CFEC Hold “VTeam Night” Event, Establishing the Inclusive International Factoring Service Ecosystem Alliance and Launching Three Two-Factor Models for International Factoring Services

In November, the “VTeam Night” event at the China Commercial Factoring Industry Summit was successfully held. VTeam Group pioneered three commercial cooperation models: two-factor export factoring, two-factor import factoring, and two-factor offshore factoring. The Group, together with the Commercial Factoring Expertise Committee (CFEC) of CATIS and other institutions, established the Inclusive International Factoring Service Ecosystem Alliance, pooling industry resources to promote the application of innovative two-factor international factoring models and foster creative development of international factoring business.

Event 3: VTeam and Zhonglian Factoring, a Subsidiary of China Unicom Group, Sign Strategic Cooperation Agreement – China’s First Two-Factor International Factoring Strategic Partnership Launched

In December, VTeam Group officially signed an international two-factor strategic cooperation agreement with Zhonglian Factoring, a subsidiary of China Unicom Group. This milestone event marks the official launch of China’s first two-factor international factoring strategic partnership, creating a new chapter in China’s commercial factoring sector and ushering in a new phase of development for the two-factor international factoring business.

Event 4: VTeam Cooperates with Viettel Group, the Largest Telecom Operator in Southeast Asia, Launching International Supply Chain Finance Platform and Forms a Strategic Partnership with Hanoi Telecom

In December, VTeam Group engaged in in-depth discussions with Viettel Digital Services, a subsidiary of Viettel Group, the largest telecom operator in Southeast Asia, regarding preparatory work for launching an international supply chain finance platform. In April, VTeam signed a strategic cooperation agreement with Hanoi Telecom, one of Vietnam’s top four telecom operators, to develop comprehensive cooperation in commercial factoring and other fields, jointly boosting trade volume growth in the China-Vietnam telecommunications sector.

Event 5: VTeam Completes System Integration with Amazon, Global E-commerce Giant, to Offer Financial Services for Cross-Border E-commerce Sellers

In 2024, VTeam Group officially completed system integration with Amazon, a global e-commerce giant, to provide financial services for cross-border e-commerce sellers. VTeam offers one-stop e-commerce financing solutions for Amazon VC and SC sellers, with a maximum financing amount of CNY 50 million or USD 10 million per eligible seller, becoming a pillar in promoting the rapid development of cross-border e-commerce business.

Event 6: VTeam Offers a Renowned Chinese Automaker Hundreds of Millions RMB Financing to Supporting Its Overseas Expansion

In 2024, leveraging its excellent international trade financing capabilities, VTeam Group established a deep strategic presence in the automotive industry. The Group extended financing facilities worth hundreds of millions of RMB to a prominent Chinese new energy vehicle manufacturer to support its export and overseas expansion, significantly increasing its international market share.

Event 7: VTeam and Baogang Group Launch Supply Chain Service Platform

In March, VTeam Group, with its strong technological capabilities, successfully helped Baogang Group complete its supply chain service platform, which has now entered the operational phase and will provide higher quality, more efficient “technology + service” support for upstream and downstream enterprises in Baogang’s industrial chain, promoting the digitalization of the steel industry.

Event 8: VTeam Wins Best Leader of Cross Border Finance Business in China and Leader of Cross Border E-commerce Financial Services Awards

In July, VTeam Group won the Golden Helmsman Award - Best Leader of Cross Border Finance Business at the 2024 Annual Conference of China Cross Border Finance. In December, VTeam was honored with the Leader of Cross Border E-commerce Financial Services Award at the 10th China Cross Border E-commerce Ecological Innovation Summit. These awards represent high industry recognition of the Group’s achievements in Chinese enterprises’ overseas expansion and cross-border e-commerce financial services.

Event 9: VTeam Secures 19 Exclusive International Patents in Risk Control Area of Supply Chain Finance

In 2024, VTeam Group achieved remarkable success in the risk control area of international supply chain finance, securing 6 new international patents, bringing the total to 19 international patents. These patents not only demonstrate VTeam Group’s outstanding achievements in technological innovation but also provide strong support for building a transparent and highly secure new financial service ecosystem.

Event 10: VTeam Participates in Canton Fair, China-ASEAN Expo and Other International Exhibitions

From September to October, VTeam Group participated in the 136th Canton Fair and the 21st China-ASEAN Expo among other international exhibitions. At these events, VTeam Group not only showcased its strengths and capabilities but also engaged in in-depth exchanges and cooperation with business partners from around the world, further expanding its international market presence.

Looking ahead to 2025, VTeam Group will continue to focus on the Chinese enterprises’ overseas expansion, exports, and cross-border e-commerce, as well as two-factor international factoring and other business areas. We will provide more comprehensive and professional fintech services to our global partners, creating a brilliant future together!