(Yicai Global) Nov. 2 -- Newcapec Electronics Co. [SHE:300248] will pair with Suning Financial Services (Shanghai) Co., a subsidiary of Suning Commerce Group Co., to collaborate in campus consumer finance, credit payment and campus Big Data applications to offer diverse financial services to college students.

The two will work together to give low-cost financial support to college students nationwide. It will also create a new pattern of campus finance with cheaper, healthier, more convenient and transparent products to standardize student credit and develop campus consumer finance.

Newcapec has engaged in college informatization for 17 years and released an app called Perfect Campus, providing all-around services for college students in academic learning, life, employment, social networking and shopping. It has already extended its coverage to more than 800 colleges and universities, with tens of thousands of college students registered.

Suning Finance is a front runner of Online to Offline (O2O) finance in China and has successively instituted several consumer financial services in education, tourism, renting.