On June 29, the Fourth LET IT GROW Conference, sponsored by the Hangzhou Municipal People's Government and Chinese Investors Association for Development and Promotion, was held at the Hangzhou International Expo Center. Renowned entrepreneurs, investors, and industry experts were invited to attend. During the conference, Hangzhou Entrepreneurship & Venture Association and Welian jointly released the Hangzhou 2020 Unicorn List, which again included LianLian DigiTech.
Known to China as an entrepreneurship city, Hangzhou’s modern economy, focusing on digital services, has developed prosperously, and it has a good ecosystem for the birth and growth of unicorns, a key reason why unicorns have sprung up in Hangzhou. The Hangzhou 2020 Unicorn List aims to demonstrate the innovation and entrepreneurship ecosystem and accelerate the development of Hangzhou’s digital economy, responding to the call to make Hangzhou a national “Innovation and Entrepreneurship” demonstration city.
As a benchmark enterprise in China's digital economy, LianLian DigiTech has been rooted in Hangzhou for many years. Taking digitalization and internationalization as its starting point, it has worked diligently and made many extraordinary achievements to global fintech. At the beginning of this year, it was awarded with “Hurun China 500 Most Valuable Private Companies 2019” selected by the Hurun Research Institute.
LianLian DigiTech provides comprehensive digital services for consumers and SMEs all over the world through a digital financial ecosystem including a global payment and settlement and service network, bank card clearing, integrated financial services, and digital technology services. To date, it has served over 20 verticals and 20,000 online trading platforms, such as business travel, retail, e-commerce, real estate, automotive, logistics, and education. It has supported cross-border payments for over 60 sites on over 20 cross-border e-commerce platforms across 100 countries and regions, and has cumulatively served 600,000 cross-border e-commerce enterprises.
LianLian DigiTech has deployed its services globally. Besides Mainland China and Hong Kong, to propel global expansion, it has successively established branches and subsidiaries in New York, London, Bangkok, Sao Paulo, and Japan, etc. It currently has 55 finance and payment licenses and relatedqualifications in China, Hong Kong, the US, UK, and Thailand.
Owing to its remarkable development, LianLian DigiTech has also obtained extensive recognition in capital markets. In 2018, it received an investment of RMB 5 billion from Sequoia Capital China, China Ever bright Industry, Cybernaut and Boyu Capital, etc. In July 2019, LianLian DigiTech added three major strategic investors: Zhongjin Jiatai, Caitong Securities and Zhejiang University Holding Group.
Unicorns are the beneficiaries of technological innovation, and the guides to technology and industry changes. In the future, LianLian DigiTech will continue to exert its strength in service innovation. Its organically integrated digital financial ecosystem will empower more real industries to join a new era of networking, digitalization, and intelligence.
