(Yicai Global) June 5 -- Telecoms and smartphone giant Huawei Technologies will provide information and communication technology services to China's state-backed delivery service provider China Post to improve its competitive ability in the new digital area.

The two signed their cooperation agreement today, Security Times reported.

Shenzhen-based Huawei will provide technological aid to Beijing-based China Post Group in its drive to become a smart delivery and financial service provider, per the agreement.

China Post owns Postal Savings Bank of China, one of the country's largest banks.

Editor: Ben Armour