On 9 April 2018, Tempus Global Business Service Group Holding Ltd. (“Tempus”) announced to joint Ant Financial to make a further strategic investment in Octopus, which total value has been achieved 600 million.
Guantao Shenzhen office, led by Huang Yaping, acted as legal counsel of investment entity designated by Tempus. Team members include Yin Ying, Luo Zengjin, Yang Manqing, Luo Mingyue.
As a B2B traveling platform with the first trading volumes in China, Octopus plans to officially launch the B2B system and services based on the tourism industry; The so-called "S2B" refers to a large supply chain system dominated by octopus, which not only can achieve efficient collaboration between upstream and downstream, but also achieve open cooperation across borders. Tempus Global will be great support for Octopus to complete this strategic upgrade. Additionally, according to public information, Octopus has established close cooperation relationship with Ant Financial's NetBank, Alipay, Sesame Credit and other institutions, and has in-depth research and development on supply chain finance, payment, and new tourism consumption, which will launch important tools for tourism industry.