TikTok is reportedly planning to acquire a payment license owned by Hailian Jinhui for over 750 million yuan.
On April 4th, Hailian Jinhui Technology Co., Ltd. (referred to as “Hailian Jinhui”) announced on the Shenzhen Stock Exchange that on April 3rd, they signed a “Equity Transfer Agreement” with Tianjin Tongrong Electronic Commerce Co., Ltd. (referred to as “Tianjin Tongrong”). The company plans to transfer 100% equity of its wholly-owned subsidiary, Linkage Advantage Technology […]