- Business
- Hi Sun Technology (China) Limited (stock code: 0818.HK), an investment holding company incorporated in Bermuda in 2001 and headquartered at Room 2515, 25th Floor, Sun Hung Kai Centre, 30 Harbour Road, Wan Chai, Hong Kong, principally provides payment and digital services, fintech services, platform operation solutions, and financial solutions to mid, small, and micro-sized merchants, banks, financial institutions, and telecom operators in Hong Kong, Mainland China, and internationally. Its payment and digital services segment offers payment processing, cross-border payment capabilities including foreign card acceptance and CNP business, digital operation products for industries such as catering, retail, and used car dealerships covering over 20 countries, and fund management solutions integrated with PaaS platforms; the fintech services segment through Suixin Cloud Chain delivers micro lending, supply chain financing, factoring, credit assessment, and innovative asset securitization products like “1+N”, “N+N”, and “E-finance N+N” models; platform operation solutions provide telecommunication and mobile payment platform operations, value-added services, product development, and system maintenance primarily to China Mobile; financial solutions via BJ ABS and Hi Sun FinTech Global (HSG) offer information system consultancy, integration, operation services, core banking systems, e-wallets, Super Apps, and IT application innovations such as host migration on Loong Arch servers; it also engages in other activities including electronic power meters prior to recent disposals. Hi Sun maintains controlling interests in associated companies PAX Global Technology Limited (stock code: 327.HK), a leading supplier of electronic payment point-of-sale terminals, and Megahunt Technologies Inc.; in 2024, it completed disposals of subsidiaries Hangzhou PAX Electronic Technology Ltd. and Hangzhou Fushun Information Technology Co., Ltd. realizing net gains of HK$93.2 million, adopted the Shenzhen Hi Sun Share Incentive Scheme potentially leading to dilution of its stake, saw Megahunt withdraw its Shanghai Stock Exchange listing application resulting in a HK$141.3 million impairment, obtained Shanghai Stock Exchange no-objection for RMB2 billion shelf-type bill ABS pioneering the “N+N” model issuance in 2025, and advanced global expansion with cross-border transaction volumes up over 150% year-on-year, catering digital products launched in 2024 serving 20,000 stores across North America, Europe, Southeast Asia, and China, new customer contracts in Bangladesh, Hong Kong, and the US, and enhanced overseas capabilities in South America, the Middle East, and Southeast Asia.