Bilibili acquires payment license through $18 million investment: report

Bilibili acquires payment license through $18 million investment: report

Chinese video platform Bilibili has actually acquired a payment license after obtaining a 65.5%stake in Zhejiang Yongyi Payment for RMB 118 million ($18 million), regional media reported. Yongyi is amongst the more than 200 Chinese companies that hold among the third-party online payment licenses released by China’s reserve bank. The offer implies that Bilibili is moving closer to releasing its own e-payment service, an essential action for tech business wanting to construct a closed-loop experience for users. The Nasdaq-listed company has actually been hiring for payment organization positions on its site considering that in 2015 and signed up payment-related domains in January. [Payment Baike, in Chinese]


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Author: admin