Lian Lian Digital Asset Profile

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Year established

2009

Location

Hangzhou Zhejiang China

Primary Industry

Financial Services

About

Established in 2009 and based in Hangzhou, China, Lian Lian Digital operates as a digital payment solutions provider dedicated to providing convenient payment services. It has sub-branch offices in Beijing, Shenzhen, Hong Kong, Brazil, Thailand, United States, United Kingdom, Luxembourg, Vietnam, Singapore, and Indonesia. The company has obtained 64 payment licences and related qualifications in many countries and regions. In March 2024, it raised USD 46.65 million in pre-IPO funding. In March 2024, Lian Lian Digital was listed on the Hong Kong Stock Exchange. The company provides three aspects of business, which include international business, domestic business, and clearing business. The international business includes cross-border e-commerce services and cross-border platform services. It provides collection services, value-added services, exchange services. The domestic business provides online payment services and account management services. Lian Lian Digital also provides value-added services such as digital marketing, e-wallets, software development services. The service targets include e-commerce, retail, education, manufacturing and other industries. In 2022, the company's revenue was CNY 742.74 million, and its net income was CNY -916.86 million.

Current Investors

Sequoia Capital, Boyu Capital, Cybernaut Investment Group

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Primary Industry

Financial Services

Sub Industries

e-Financial, Accounting/Finance Software

Website

www.lianlian.com

Verticals

FinTech, FinTech

Total Amount Raised

Subscriber access only

Deals

Deals Type
IPO

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Lian Lian Digital	28 Mar 2024

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