Lianlian DigiTech Co., Ltd. Class H
HHKEX:25983.28
HKD
+0.12
(+3.80%)
Lianlian DigiTech Co., Ltd. Class H
HKEX:2598
(Hong Kong Exchange)
Recent
price
3.28
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Lianlian DigiTech Co., Ltd. (2598.HK) provides digital payment solutions and value-added services to merchants and enterprises worldwide, operating through Global Payment, Domestic Payment, Value-Added Services, and Others segments. Its core digital payment offerings include pay-in, pay-out, acquiring, foreign exchange, virtual card, and payment aggregation services; value-added services encompass digital marketing, operation support, referral, account and e-wallet management, and software development. The company, founded in 2009 and headquartered in Hangzhou, China, serves small and midsized merchants primarily engaged in e-commerce retail and enterprises selling goods or services to end-buyers, with operations spanning more than 100 countries and regions and support for transactions in over 130 currencies. Lianlian DigiTech maintains an extensive global licensing portfolio, including 66 payment licenses, all state-level money transmitter licenses in the United States, an Electronic Money Institution license in Luxembourg obtained in 2024, and a virtual asset trading platform license from Hong Kong's Securities and Futures Commission. Subsidiaries and joint ventures include Express (Hangzhou) Technology Services Company Limited (LianTong), a partnership with American Express established in 2020 for bankcard clearing in China, and Zhong Pu Lian Technology, formed with COSCO SHIPPING Logistics and others. The company listed on the Main Board of the Hong Kong Stock Exchange in March 2024, enhancing its international visibility and capital access. Recent developments include the launch of its Overseas Business Headquarters in Hong Kong in November 2025 to bolster global expansion and innovation in blockchain and AI; a strategic partnership with the HKSAR Government as a key enterprise partner in October 2025 under the Office for Attracting Strategic Enterprises; and a collaboration with UnionPay International in September 2025 to expand cross-border payments and remittances. In the first half of 2025, digital payment transaction payment volume reached RMB2.1 trillion, up 32% year-over-year, with full-year 2024 TPV surging 64.7% and R&D investment rising 19% to RMB319 million focused on AI and blockchain integration.