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Huawei Invests in Third-Party Payment Firm YeePay

Sina Tech, 9/16/11

Tang Bin, CEO of Chinese third-party payment processor YeePay, revealed recently that YeePay received an undisclosed amount of funding earlier this year from Chinese telecom equipment and terminal manufacturer Huawei. The two companies began talks last year, according to Tang, and reached an agreement on the terms of the strategic investment earlier this year.

A Huawei spokesperson said he had no knowledge of the matter, but would make inquiries with the relevant departments.

Keywords: e-payment online payment mobile payment wireless Internet funding YeePay Huawei third-party payment Tang Bin

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