| Company type | Private |
|---|---|
| Industry | FinTech, Mobile Payments |
| Founded | 2009 |
| Headquarters | , |
Area served | Worldwide |
| Website |
www |
LianLian DigiTech is a Chinese digital payment solution provider. [1]
History
LianLian DigiTech was founded in 2009 and headquartered in Hangzhou, Zhejiang, China. [2] [3]
Funding and partnerships
In 2018, Lianlian DigiTech raised 1 billion yuan (US$147 million) in its latest financing round backed by Sequoia Capital China and Boyu Capital. [4]
In 2020, LianLian entered into a joint venture agreement with American Express to establish Express (Hangzhou) Technology Services Company Limited (LianTong), which is licensed by the People's Bank of China ( Central bank of China) to provide bank card clearing services. [5] [6]
Business model
LianLian offers digital payment services and value-added services to customers. [7] [8] [9] [10] [11]
References
- ^ Jiang Xueqing, "China's 1st Sino-foreign payment network launched". chinadaily.com.cn. 29 August 2020. Retrieved 24 November 2023.
- ^ "Lianlian raises US$147 million". shine.cn. Retrieved 24 November 2023.
- ^ "LianLian Digitech Pre-IPO - Declining Profitability with No End in Sight Just Yet". smartkarma.com. 17 August 2023. Retrieved 24 November 2023.
- ^ Shi Jia, "Lianlian raises US$147 million". shine.cn. 6 September 2018. Retrieved 24 November 2023.
- ^ Jiang Xueqing, "AmEx JV gains historic approval to clear RMB transactions". chinadaily.com.cn. 13 June 2020. Retrieved 24 November 2023.
- ^ "Joint Venture of American Express and LianLian in China". americanexpress.com.cn. Retrieved 24 November 2023.
- ^ "激发贸易发展新动能 "2022全球数字贸易行业企业Top 100评选"结果正式揭晓". mp.weixin.qq.com. 12 December 2022. Retrieved 24 November 2023.
- ^ "洞察变化，亿邦智库发布《2022跨境电商金融服务报告》". mp.weixin.qq.com. 2 March 2023. Retrieved 24 November 2023.
- ^ "Digital Service Provider LianLian DigiTech Files to List on HKSE". equalocean.com. 10 June 2023. Retrieved 24 November 2023.
- ^ "Global Payments Company Launches US Cross-Border Wallet for Ecommerce Retailers and Entrepreneurs". globalfintechseries.com. 27 June 2022. Retrieved 24 November 2023.
- ^ "Company unveils package to ease cross-border foreign trade costs". chinadaily.com.cn. 24 June 2022. Retrieved 24 November 2023.