Tencent Tech, 8/01/17
Tang Bin, founder and CEO of Chinese third-party payment provider YeePay, has denied rumors of an acquisition by Beijing-based information security solutions provider Aisino (600271.SH). The denial was prompted by a report in Chinese media outlet The Economic Observer saying that the two sides had reached an agreement, but that acquisition details could not yet be revealed. A spokesperson for YeePay also responded saying that claims of an acquisition were pure fiction.
YeePay has rolled out products such as online payment, non-bank card payment, cardless credit card payment, and POS payment platforms. The company has also provided custom enterprise solutions for industries including gaming and entertainment, airline travel, telecommunications and mobile, administration and education, insurance, funds, and e-commerce logistics.