Wecast to form JV with Rural Commercial Bank Development Alliance [Reuters]
WECAST NETWORK INC (WCST)
US:NASDAQ Investor Relations:
corporate.wecastnetworkinc.com
Company Research
Source: Reuters
8:58am EDT June 21 (Reuters) - Wecast Network Inc :Wecast to form joint venture with the rural commercial bank development alliance.Wecast network inc - jv will be 80% owned by wecast.Wecast network - jv to streamline entire agricultural transaction, settlement process between rcbs, farmers that they are processing transactions for.Wecast network - formed jv for purposes of introducing to, integrating wecast's v paas with alliances 70+ rural commercial lending member banks across china.
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