The provider of digital payment services for businesses is burning through its funds as market competition heats up.

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…
Tanking Renminbi

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…