From November 26 to 27, 2024, the Commercial Factoring Expertise Committee (CFEC) of CATIS held an industry summit at Yujiapu in Tianjin. VTeam Group attended the summit and co-hosted the “VTeam Night” event with the CFEC, where it launched three innovative service models of international factoring — two-factor export factoring, two-factor import factoring, and two-factor offshore factoring. As an innovator and practitioner in international financial services, VTeam has focused on developing fintech + financial services. With its outstanding financial technology innovation capabilities, the Group has won this year’s “Innovation Case Award” in China’s commercial factoring industry — marking its seventh consecutive year receiving this honor!

VTeam Group’s “VTeam Instalment” under Rongyi Supply Chain Finance Platform  has been selected for the “9th China Commercial Factoring Industry Innovation Case List,” and has won the “Innovation Case Award.” Ms. XU, General Manager of VTeam’s International Department, received the award on behalf of the Group.

As of this year, VTeam Group has won the “Innovation Case Award” in China’s commercial factoring industry for seven consecutive years. This is a high recognition from an authoritative industry institution of VTeam’s deep expertise and outstanding performance in the supply chain finance technology sector, as well as an accolade for its continuous promotion of innovative practices across the industry.

This summit comprehensively and systematically discussed new developments in the factoring industry under the new situation through various forms, aiming to better serve the economic development. As an enterprise growing together with China’s factoring industry, VTeam actively made suggestions at the meeting and shared its new explorations and practices in international factoring business with industry peers. It has jointly initiated the “Inclusive International Factoring Service Ecosystem Alliance” with the CFEC, working hand in hand with industry forces to explore new horizons of two-factor international factoring services.

Looking forward, VTeam Group will continue to drive development through technology and innovation, deepen the application of three innovative two-factor models of international factoring, and work with global partners to write a new chapter in the commercial factoring industry.