US summit on cross-border e-trade

A group of Chinese and US experts on cross-border e-trade and financing gathered on Sunday to talk about how technology could improve collaboration and transactions between the world's two largest economies.

Zhang Bin, chief executive of Beijing-based Union Mobile Financial Technology, brought a team whose members each have more than 10 years of experience in China's finance and mobile-payment technology to meet with US residents in Silicon Valley at a Sino-American cross-border trade and technology summit.

"As a beneficiary in China's mass entrepreneurship and innovation movement, UMF now wants to give back to society and our successors," said Zhang, adding that he has been an observer as a national campaign kicked off in 2015 encouraging individuals to start businesses and cultivate the spirit of innovation in China.