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Corporation
INTERNET | Internet Software & Services / Payments
lakala.com

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Founded Year

2005

Stage

IPO | IPO

Total Raised

$269M

Date of IPO

4/25/2019

About Lakala Payment

Lakala Payment (SZ: 300773) is an Internet-based integrated financial service platform that provides online and offline third-party payment services, as well as consumer lending, credit rating, and wealth management services.

Lakala Payment Headquarter Location

Zhongguancun Financial Building, 7F, 8F No. 6, Danling Street, Haidian District

Beijing, Beijing, 100080,

China

+86 010-56710999

Latest Lakala Payment News

China’s Lakala Payment Gains by Limit on Plans to Buy Credit Rating Agency China’s Lakala Payment Gains by Limit on Plans to Buy...

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

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Research containing Lakala Payment

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CB Insights Intelligence Analysts have mentioned Lakala Payment in 4 CB Insights research briefs, 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 Fintech 250.

F

Fintech 250

248 items

P

Payments

1,618 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

2

2018 Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

F

Fintech

19,054 items

Excludes US-based companies

Lakala Payment Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Lakala Payment Rank

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