Lakala eyes Hong Kong IPO as it hops on the going-global bandwagon
The payment services provider plans to use funds from its listing for overseas expansion to try to reverse its falling revenue and profits Key Takeaways: Shenzhen-listed Lakala has filed for…
Yeahka secures bridgehead in U.S. payments market
The Chinese fintech has cleared one of many regulatory hurdles to enter the U.S. digital payments business after gaining a state-level operating license Key Takeaways: After getting U.S. federal clearance,…
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…