LianLian DigiTech

Short description: Chinese digital payment solution provider

LianLian DigiTechType| Private

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Industry| FinTech, Mobile Payments
Founded| 2009
Headquarters|

Hangzhou, Zhejiang

China

Area served

| Worldwide
Website| www.lianlian.com

LianLian DigiTech is a Chinese digital payment solution provider.[1]

## Contents

* 1 History
* 1.1 Funding and partnerships
* 2 Business model
* 3 References
* 4 External links

## 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

1. ↑ Jiang Xueqing,"China's 1st Sino-foreign payment network launched". chinadaily.com.cn. 29 August 2020. https://www.chinadaily.com.cn/a/202008/29/WS5f49c691a310675eafc56420.html. Retrieved 24 November 2023.
2. ↑ "Lianlian raises US$147 million". shine.cn. https://www.shine.cn/biz/company/1809061727/. Retrieved 24 November 2023.
3. ↑ "LianLian Digitech Pre-IPO - Declining Profitability with No End in Sight Just Yet". smartkarma.com. 17 August 2023. https://www.smartkarma.com/insights/lianlian-digitech-pre-ipo-declining-profitability-with-no-end-in-sight-just-yet. Retrieved 24 November 2023.
4. ↑ Shi Jia,"Lianlian raises US$147 million". shine.cn. 6 September 2018. https://www.shine.cn/biz/company/1809061727/. Retrieved 24 November 2023.
5. ↑ Jiang Xueqing,"AmEx JV gains historic approval to clear RMB transactions". chinadaily.com.cn. 13 June 2020. https://global.chinadaily.com.cn/a/202006/13/WS5ee4cb80a310834817252d45.html. Retrieved 24 November 2023.
6. ↑ "Joint Venture of American Express and LianLian in China". americanexpress.com.cn. https://www.americanexpress.com.cn/news/17. Retrieved 24 November 2023.
7. ↑ "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. https://mp.weixin.qq.com/s/TIxntjf8In8MOqnot6b6YQ. Retrieved 24 November 2023.
8. ↑ "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. https://mp.weixin.qq.com/s/Scl0sxaHqY3woE5Cd0l4JA. Retrieved 24 November 2023.
9. ↑ "Digital Service Provider LianLian DigiTech Files to List on HKSE". equalocean.com. 10 June 2023. https://equalocean.com/news/2023071019874. Retrieved 24 November 2023.
10. ↑ "Global Payments Company Launches US Cross-Border Wallet for Ecommerce Retailers and Entrepreneurs". globalfintechseries.com. 27 June 2022. https://globalfintechseries.com/banking/digital-payments/global-payments-company-launches-us-cross-border-wallet-for-ecommerce-retailers-and-entrepreneurs/. Retrieved 24 November 2023.
11. ↑ "Company unveils package to ease cross-border foreign trade costs". chinadaily.com.cn. 24 June 2022. https://www.chinadaily.com.cn/a/202206/24/WS62b91a7ca310fd2b29e68bf3.html. Retrieved 24 November 2023.

## External links

* Official website
* LianLian Global website

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