B2B Payments

Concur Pushes Further Into China


Concur has already made its first step in the Chinese corporate travel market by partnering with Uber rival Didi Chuxing earlier this year. But reports Thursday (Dec. 1) said Concur has enhanced its position in the country through another joint venture.

The firm is teaming up with China DataCom Corporation. The Chinese company is itself a joint venture between SAP (which owns Concur) and China Communications Services Co., offering cloud services to businesses in the country. Its collaboration with Concur means China DataCom, or CDC, will link its corporate clients to Concur’s travel and expense management solutions.

Concur highlighted China’s corporate travel market size, now the largest in the world with a $291.2 billion market valuation in 2015. The T&E firm has launched its China Expansion Plan to secure more market share through offering “localization,” “globalization” and “digital transformation” support for Chinese firms.

“China represents an enormous market opportunity, and we look forward to expanding the services we already offer multinational Chinese companies,” said Concur Global President Mike Eberhard in a statement. “China DataCom Corporation enables us to provide the best travel and expense management services for Chinese companies in the cloud.”

“This is only the beginning as Concur will continue to invest in localization, globalization and digital transformation, working through CDC and other partners together in China to support Chinese companies both locally and abroad,” the executive continued.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

Click to comment