Payment app Lianlian seeks IPO relief from cash crunch
The provider of digital payment services for businesses is burning through its funds as market competition heats up Key Takeaways: Lianlian DigiTech’s cash and cash equivalents have dwindled to only…
CHINA BULLETIN: The Incredible Sinking Yuan
In this week’s issue the incredible shrinking yuan, payment companies welcome back foreign visitors, and local governments play debt hide-and-seek. On a scale of 1 to 100, we give the week a 45 for offshore-listed China stocks.
Yeahka Ramps Up E-Commerce Bid, But Investors Cash Out
Mobile payment services provider issues $70 million in convertible bonds to finance its e-commerce drive, hoping to leverage its large merchant base Key takeaways: Yeahka’s push into the highly competitive…
Yeahka in Acquisition to Boost In-Store E-commerce Business
Grappling with intense competition in the payment industry, company bets on technology-enabled services with potential to jumpstart growth Key Takeaways: Yeahka is paying 100 million yuan for 60% of consumer…