About Lakala Payment
Lakala Payment (SZSE:300773) operates as an Internet-based integrated financial service platform. It provides online and offline third-party payment services, as well as consumer lending, credit rating, and wealth management services. It was formerly known as Beijing LaKala Billing Services. The company was founded in 2003 and is based in Beijing, China.
Research containing Lakala Payment
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Lakala Payment in 1 CB Insights research brief, most recently on Jun 9, 2021.
Expert Collections containing Lakala Payment
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Lakala Payment is included in 4 Expert Collections, including Wealth Tech.
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Excludes US-based companies
Latest Lakala Payment News
Aug 18, 2021
(Yicai Global) Aug. 18 -- Shares in Lakala Payment soared by the exchange-imposed limit today after the Chinese third-party payment company said it plans to pay CNY50 million (USD7.7 million) to acquire credit rating agency Beijing Zhongbeilian Credit Rating. Lakala Payment’s share price [SHE:300773] soared 10 percent to close at CNY27.37 (USD4), giving it a market capitalization of CNY21.9 billion (USD3.4 billion). The take-over will give Lakala corporate and securities credit rating permits and allow its swift entry into these markets, which are growing swiftly, the Beijing-based firm said yesterday. It is buying out Tibet Kaola Science & Technology Development which has a 90 percent stake in Zhongbeilian and Beijing Koala Kunlun Investment Management which holds the rest. The transaction price only amounts to 1 percent of Lakala’s net assets, so it will not have a big impact on the firm’s cash flow, it added. Lakala logged a 26 percent jump in net profit in the first half from the same period last year to CNY551 million (USD85 million) and a 32 percent surge in revenue to CNY3.31 billion (USD509.6 million), according to the firm’s latest earnings report released yesterday. The improved performance was largely due to the constant expansion of its business. Editor: Kim Taylor
Lakala Payment Frequently Asked Questions (FAQ)
When was Lakala Payment founded?
Lakala Payment was founded in 2003.
Where is Lakala Payment's headquarters?
Lakala Payment's headquarters is located at Zhongguancun Financial Building, 7F, 8F, Beijing.
What is Lakala Payment's latest funding round?
Lakala Payment's latest funding round is IPO.
How much did Lakala Payment raise?
Lakala Payment raised a total of $269M.
Who are the investors of Lakala Payment?
Investors of Lakala Payment include China Taiping Insurance Holdings, China Continent Insurance, China Re, Civil Aviation Development Fund, Legend Holdings and 7 more.