On November 24th, Tencent Cloud Vice President Sam Xie exchanged cooperation agreements with Alex Liu, Vice President of Canadian OTT Fangyuan International Finance. Tencent’s other major action in North America is about to kick off – Tencent will be with OTT in the coming months. Jointly set up Tencent Cloud Accelerator in Toronto. Kathleen Wynne, Governor of Ontario, Michael Chan, Minister of International Trade of Ontario and others witnessed the signing of the agreement. This signing of Tencent Cloud and OTT coincided with Alex Liu, Vice President of OTT Fangyuan International Finance, and the Ontario delegation visited China to conduct economic and cultural exchanges. This is also one of the important activities in this trip. OTT Fangyuan International Finance is a financial services organization based in Toronto, Canada. Its subsidiaries are registered with a number of regulatory agencies including the Canadian Securities Regulatory Commission, the Canadian Banking Regulatory Commission, the Ontario Securities Regulatory Commission, the BC Securities Regulatory Commission, and the Quebec Securities Regulatory Commission; operations cover securities transactions. , fund investment, asset management, international remittances, foreign exchange transactions, domestic payments and cross-border payments. As it is located in North America's second largest city, Canada's economic and financial center in Toronto, and keen to connect the North American and Chinese markets, OTT and Tencent have launched multiple in-depth cooperation. Building Chinese Technology Companies to Develop Ecological The ecosystem of technology companies has matured and is only waiting for Chinese companies to take root - this is an important part of Tencent's cooperation with OTT. Since 2014, China’s Internet has entered the stock market, which means that it is difficult to make it difficult to make it easier in China. As a result, the tide of going to the sea has risen in the domestic Internet circle, as more and more Chinese companies have developed overseas. Some of them even directly put their business and resources overseas. This has enabled the countries of the world to gradually realize the innovative strength and optimism of Chinese companies. As early as the beginning of this year, the Canadian government actively promoted cooperation between China and Canada in the field of technological innovation. The original Wrigley gum Canada headquarters (1123 Leslie Street, Toronto, Ontario M3C 2K5) has now become a breeding ground for technology innovation. With comparable office space of Google, with a building area of ​​22,000 square meters, close to 200 acres of Central Park and the University of Toronto, both hardware facilities and location advantages are second to none. It is here that OTT Group has responded to the Canadian Government’s call for the construction of the Internet Business Park, and it is also cooperating with Tencent to serve the base for the development of Chinese companies in Canada. On the signing ceremony of Tencent and OTT on the 24th, the Tencent Cloud Accelerator disclosed by the two parties will also provide a more efficient technical environment for Internet companies entering the park. At the same time, with the help of Tencent Cloud's open platform, it will provide technology connection for bilateral technology companies. Bridge. So far, OTT has provided comprehensive survival and development ecosystems for companies entering the park, including company registration, human resources consulting, financial services for investment and financing, and technology environment. Origin comes from payment In fact, the original business advantage of the Canadian company OTT was in financial services, and it was precisely the payment business that triggered the series of actions seen today. According to statistics, about 610,000 Chinese tourists arrived in Canada in 2016, which is undoubtedly the increase in consumption brought about by tourism and study abroad. However, the currency exchange and the payment of credit card payments overseas are all major problems that have caused trouble for overseas travelers in the past. With the initial success of China Mobile's payment testing in Asian countries, the increasing demand for Chinese tourists and renminbi is also urging China Mobile's payment methods are developing in North America and other regions. In order to provide convenience to Chinese tourists and international students accustomed to mobile payment, in April this year, under the leadership of Michael Chan, Minister of International Trade of Ontario, Canada, we have OTT pay across Canada, including OTT pay and WeChat. The two major mobile payment platforms in China have signed up for cooperation. Up to now, the payment system for OTT pay and Wechat payment cooperation has only been launched for 7 months. The platform has signed more than 1,000 merchants covering airports, duty-free shops, hotels, attraction tickets, car rental agencies, shopping malls, supermarkets, restaurants, and entertainment services. Cross-border payment and settlement of RMB provides efficient services, making it more convenient for Chinese tourists and Canadians to enjoy life. If we carefully examine the cooperation between Tencent and OTT Fangyuan International Finance, we will find that both sides have established an ecosystem of corporate services and personal services for China. This cooperation between the domestic Internet giants and Canadian-based financial companies is undoubtedly an excellent opportunity for Chinese technology companies or individuals seeking to develop in North America.