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Lianlian DigiTech Reports 64.7% Surge in Digital Payment TPV for 2024, with Adjusted Operating Profit Soaring

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HANGZHOU, China, March 19, 2025 /PRNewswire/ — Lianlian DigiTech, a global leader in digital payment and fintech solutions, announced its annual financial results for 2024 on March 18, 2025.

As of December 31, 2024, Lianlian DigiTech’s total payment volume (TPV) for its digital payment business reached RMB 3.3 trillion, representing a 64.7% year-on-year increase. The Company expanded its client base to 5.9 million, with revenue rising 27.9% year on year to RMB 1.315 billion. Gross profit grew 18.2% to RMB 683 million, maintaining a healthy gross margin of 51.9%. Notably, the Company achieved a remarkable turnaround in profitability, with adjusted net income of RMB 78.7 million, compared to an adjusted net loss of RMB 403 million in 2023.

Xin Jie, Executive Director and CEO of Lianlian DigiTech, stated, “2024 marked a pivotal chapter for Lianlian DigiTech, crowned by our successful Hong Kong IPO and strong financial performance. Strategic investments in global licensing, compliance frameworks, service excellence, and client acquisition have accelerated our international footprint while establishing a foundation for scalable growth. Building on this momentum, we will capitalize on our comprehensive licensing portfolio and advanced technologies—spanning AI and blockchain—to fortify core competencies and infrastructure. Simultaneously, we’re unlocking technology’s transformative power to streamline operations and empower customer success. As a publicly listed company, Lianlian remains focused on optimizing resource allocation, systematically broadening market reach, and elevating service capabilities to deliver exceptional customer experiences. The initiatives underscore our unwavering commitment to creating sustainable shareholder value through innovation-driven expansion.”

Wei Ping, CFO of Lianlian DigiTech, said, “Our consistent revenue progression this year highlights successful diversification into emerging business verticals. The financial report indicates double-digit revenue growth, with core operating profit—excluding one-time IPO-related charges and non-cash equity compensation expenses—demonstrating significant year-on-year improvement. This reflects our disciplined capital allocation strategy, balancing strategic investments in innovation, licensing, and new business ventures with rigorous expense control. The IPO proceeds and strategic partnership with American Express have fortified our capital structure, paving the way for future growth and expansion.”

Strategic Synergy of Internal and External Resources Drives 60%+ Global & Domestic Payment TPV Growth in 2024

Founded in 2009, Lianlian DigiTech is a pioneer in China’s digital technology sector, offering a wide range of payment solutions globally. The Company was listed on the Main Board of The Stock Exchange of Hong Kong Limited on March 28, 2024, and its core business spans digital payment services—including collections, payments, acquiring, remittance, virtual bank cards, and aggregated payments—and value-added services such as digital marketing, operational support, customer acquisition, accounts and e-wallets, and software development.

During the reporting period, Lianlian DigiTech’s revenue was mainly contributed by its digital payment services across both cross-border and domestic channels, which generated RMB 1.151 billion, a year-on-year increase of 31.6%. The growth reflects the success of the Company’s deep integration of internal and external resources.

Empowering Cross-Border Market Expansion, Lianlian DigiTech Sees a 63% Surge in Global Payment TPV. 

Lianlian DigiTech continued to lead in global payments by advancing its pioneering global licensing strategy, expanding its regulatory footprint, and strengthening cross-border ecosystems to drive efficient trade flows. The company’s relentless focus on compliance and connectivity delivered exceptional results: global payment TPV surged 63.1% year-on-year to RMB 281.5 billion, while revenue climbed 23.1% to RMB 808 million as of December 31, 2024.

In 2024, Lianlian DigiTech further diversified its global collection and payment channels, fostering synergies between clients and emerging platforms. The Company provided tailored, differentiated payment solutions to help these platforms navigate cross-border trade challenges, improve trade efficiency, and expand their global market presence. Leveraging its advanced technological infrastructure, Lianlian DigiTech created diverse digital payment scenarios, offering one-stop, customized solutions to clients worldwide. In the service trade and B2B sectors, the Company focused on China’s unique industrial heartlands, gaining deep insights into business needs. By iterating its product offerings based on market feedback, Lianlian DigiTech delivered targeted cross-border payment solutions, helping businesses of all sizes and across all industries overcome payment bottlenecks and enhance operational efficiency.

Reinforcing its Role as a Digital Transformation Partner, Lianlian DigiTech Recorded RMB 3 Trillion in Domestic Payment TPV.

As of December 31, 2024, the Company’s domestic payment TPV skyrocketed 64.9% year-on-year to RMB 3 trillion, while revenue surged 57.1% to RMB 343 million, driven by its synergistic global strategy, cross-border infrastructure, and ecosystem integration.

In 2024, Lianlian DigiTech accelerated innovation with the rollout of digital marketing suites and enterprise-grade wallets, expanding its service portfolio to help clients achieve both digital transformation and international growth. Its digital marketing business provided omnichannel solutions across online and offline scenarios, while the enterprise-grade wallet was transformed from a payment tool into a value-driven platform supporting the business travel, hospitality, recycling, and logistics sectors. By integrating end-to-end financial workflows—from expense management and cross-border disbursements to treasury optimization—the Company empowered clients to streamline operations and unlock new growth models.

The strategic push into high-value services also yielded results: value-added service revenue climbed 9.5% year-on-year to RMB 146 million, buoyed by strong demand for data-driven marketing tools and a surge in virtual card transaction volumes.

Strengthening Competitive Moats through Differentiation

Continued Investments in Global Licensing, Technology, and Service Innovation

As globalization accelerates and cross-border trade intensifies, the cross-border payment market continues to experience rapid growth, evolving into a diverse and competitive landscape. Serving as the vital link between consumers, merchants, and supply chains, Lianlian DigiTech has cracked the code to thriving in this dual-edged market.

By hyper-focusing on underserved small and micro businesses and trade clients—while forging deep alliances across e-commerce ecosystems—the fintech leader has cultivated unmatched insights into evolving demands and industry pain points. This frontline intelligence fuels its innovation engine, enabling the Company to deploy a global license network, AI-driven platforms, and modular payment solutions that create towering barriers to entry.

Expanding Global Payment Footprint with Key Licensing Milestones. 

In May 2024, the Company secured the Electronic Money Institution (EMI) license in Luxembourg, expanding its European footprint beyond VAT compliance and collections for e-commerce platforms. The credential enables cross-border fund management, e-wallet issuance, and remittance solutions in partnership with regional players—a strategic pivot toward end-to-end financial ecosystems. In December, DFX Labs Company Limited, a wholly-owned subsidiary of Lianlian DigiTech, was issued the Virtual Asset Trading Platform (VATP) license issued by the Hong Kong Securities and Futures Commission. The achievement represented Lianlian DigiTech’s significant move into the virtual asset sector, laying the groundwork for future growth in digital asset financial services.

The Company’s 2024 financial report showed its extensive global business presence and licensing coverage. Among Chinese digital payment solution providers, Lianlian DigiTech stands out as the only company holding money transfer licenses in all 50 U.S. states. As of December 31, 2024, the Company had established a global network of 65 payment licenses and related qualifications, alongside its VATP license. This enables Lianlian DigiTech to provide services in over 100 countries and regions, supporting transactions in more than 130 currencies.

From internal cost-effectiveness to external customer empowerment, investments in technology and service innovation continue to increase.

As a technology-driven digital payment company, Lianlian DigiTech has seamlessly integrated cutting-edge AI technologies to refine its product offerings, significantly improving user experience and operational efficiency through intelligent solutions. This not only bolsters businesses’ digital and intelligent transformation but also delivers enhanced value to customers with a new intelligent payment experience. According to the financial report, Lianlian DigiTech’s R&D investment reached RMB 319 million in 2024, marking a 19% year-on-year increase, reflecting the company’s unwavering dedication to technological innovation.

Leveraging its expertise in big data, AI, cloud computing, and blockchain, Lianlian DigiTech has developed a proprietary technology platform tailored to the complexities of global trade. The platform offers customers one-stop integrated services, including payments, money transfers, global fund distribution, intelligent exchange processing, and risk management, addressing the diverse needs of businesses of all sizes and across all industries. In 2025, Lianlian DigiTech has further embraced technological advancements by deploying the DeepSeek large model across key scenarios including business operations, R&D, and office workflows. The Company has integrated DeepSeek’s large language model (LLM) capabilities into its LOOP AI merchant application. The integration of DeepSeek’s precise natural language interaction and scenario perception enables LOOP AI to generate accurate, engaging, and context-aware content for cross-border merchants, enhancing product visibility and sales conversion on the Amazon platform and all major search engines. The innovation helps to deliver significant growth in merchants’ cross-border trade businesses.

China’s 2025 Government Work Report outlines several key initiatives including “reinforcing policies to stabilize foreign trade and assist businesses in securing orders and expanding markets,” “fostering the growth of cross-border e-commerce,” “advancing high-caliber development of the Belt and Road Initiative,” and “deepening multilateral, bilateral, and regional economic cooperation.”

In alignment with these national development priorities, Lianlian DigiTech will refine its global strategy, accelerating the growth of its international licensing portfolio while deepening its engagement within key cross-border e-commerce platforms. The fintech company will enhance its product offerings through ongoing optimization, strengthen collaborations with supply chain partners, and leverage its integrated global network to diversify payment solutions for broader commercial applications. These strategic imperatives—coupled with improved ecosystem connectivity—will advance the company’s objective to facilitate China’s next phase of economic liberalization and foster robust cross-border trade relationships.

 

 

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SOURCE Lianlian DigiTech

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ATTOM ENHANCES RENTAL AVM WITH AI-POWERED MODEL COVERING NEARLY 100 MILLION U.S. HOMES

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November 3, 2026

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Enhanced model expands coverage by about 40% and delivers a 5.9% median error on homes not yet listed for rent

IRVINE, Calif., Nov. 3, 2026 /PRNewswire/ — ATTOM, the leading provider of property data, AI-powered intelligence, and real estate analytics solutions, today announced enhancements to its Rental AVM, introducing an AI-powered model that estimates current monthly market rent for nearly 100 million U.S. single-family homes, condominiums, and townhouses, an increase in coverage of about 40%. The model delivers a 5.9% median absolute error on homes before they are listed for rent, helping businesses evaluate rental potential and make more informed decisions.

“Estimating rental values is difficult because leases are private and many homes have no rental history,” said Rob Barber, CEO at ATTOM. “With these enhancements, we’re extending the same approach driving ATTOM Intelligence, combining trusted property data with advanced AI and analytics, to many more homes, so customers get more meaningful insights and can make better-informed decisions.”

Key Enhancements Include:

Expanded Coverage: Rental estimates for nearly 100 million single-family homes, condominiums, and townhouses across all 50 states and the District of Columbia, a coverage increase of about 40%.Improved Accuracy: A 5.9% median absolute error on homes before they’re listed for rent, with calibrated low and high values that tighten as the evidence behind an estimate grows.AI-Powered Modeling: Multiple machine-learning models evaluate property characteristics, property value, rental history, and recent rental activity, weighing each based on the available evidence for a property.Listing-Based Training: The model is trained and benchmarked on observed rental listings, cleaned to remove duplicates, placeholder rents, and unrealistic prices.

“Our enhanced Rental AVM evaluates multiple sources of rental information and adapts to the evidence available for each property,” said Aaron Wagner, Head of Data Science at ATTOM. “That adaptability is what allows us to estimate rent for homes with no rental history and extend coverage to nearly 100 million properties, while keeping the ranges calibrated to the strength of the evidence behind each estimate.”

Built for Real-World Applications
ATTOM’s enhanced Rental AVM supports a range of business needs, including:

Real Estate Investors and Rental Operators: Screen acquisitions, evaluate rental potential, compare rental income with property values, and support rent-setting decisions.Mortgage Lenders and Insurers: Assess rental income for investment-property and DSCR loans, monitor portfolio exposure, and support loss-of-rent analysis.Real Estate Portals and AI Developers: Integrate rental estimates into property listings, investment tools, and AI-powered applications through ATTOM’s MCP Server.

Updated monthly to reflect new rental activity and changing market conditions, the enhanced Rental AVM is available through ATTOM’s APIs, bulk data licensing, Snowflake, Databricks, and MCP Server.

To learn more about ATTOM’s enhanced Rental AVM, visit the Rental AVM landing page or download the Rental AVM White Paper.

About ATTOM
ATTOM delivers AI-driven property intelligence built on the nation’s most trusted property data repository, covering 160+ million U.S. properties—99% of the population. Our engineered, multi-sourced, semantically rich real estate data spans property tax, deeds, mortgages, foreclosure, environmental risk, property conditions, natural hazards, neighborhood insights, and geospatial boundaries, rigorously validated for advanced analytics. ATTOM supports analytics, AI applications, and AI agents through flexible delivery options including APIs, bulk licensing, cloud delivery, and the MCP Server for AI-powered, agentic access to engineered property data, enabling organizations to automate analysis, power intelligent workflows, and scale property intelligence across industries.

Media Contact:
Megan Hunt
megan.hunt@attomdata.com 

Data and Report Licensing:
949.502.8313
datareports@attomdata.com

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SOURCE ATTOM

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Staypineapple to Donate to American Humane Society’s Pups4Patriots™ in Honor of Veterans Day

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November 3, 2026

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Hotel brand will donate a portion of November bookings to help veterans and retired first responders receive service dogs

KIRKLAND, Wash., Nov. 3, 2026 /PRNewswire/ — In recognition of Veterans Day, Staypineapple, the national boutique hotel brand, is supporting American Humane Society’s Pups4Patriots™ program. Throughout the month of November, Staypineapple will donate up to $5,000 on behalf of its guests from every Pineapple Pup Package booking and every booking made with military or government rates. The initiative supports the placement of specially trained service dogs with veterans and retired first responders living with post-traumatic stress (PTS) and/or traumatic brain injury (TBI), at no cost to recipients.

In recognition of Veterans Day, Staypineapple will donate a portion of November bookings to the Pups4Patriots program.

“Dogs have an incredible ability to bring comfort, connection and a renewed sense of purpose to our lives,” said Dina Belon, President of Staypineapple. “We’re proud to support American Humane Society’s Pups4Patriots program and help more of our nation’s heroes access the companionship and support of a service dog. We hope our guests will join us in making a difference through booking a stay this November.”

Pups4Patriots helps remove financial barriers to obtaining a specially trained service dog, matching eligible veterans and retired first responders with dogs trained to support their specific needs.

The impact of the program can be seen in the bond between Russell, a retired U.S. Army veteran and law enforcement officer, and his service dog, Nico. Through Pups4Patriots, Nico has become an important source of support in Russell’s life. As Russell shared, “Nico has brought me a renewed sense of living that I was very much struggling to find before meeting him.”

Through this initiative, Staypineapple hopes to help connect more of America’s heroes with life-changing canine companions to those who have served our country and communities.

To learn more or book a stay, visit Staypineapple.com.

About Staypineapple
Staypineapple is a brand of boutique hotels in urban markets across the U.S., managed by Staypineapple Hotels Inc., based in Kirkland, Wash. Known for personalized service and a warm welcome for people and pets alike, Staypineapple creates unique guest experiences that offer more than just a place to stay. It is a place Where Stays Become Stories. For reservations or more information, visit Staypineapple.com or call (866) 866-7977. Follow Staypineapple on Instagram, Threads, TikTok and Facebook.

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SOURCE Staypineapple

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Terakeet’s Mac Cummings Named to ADWEEK Innovator 50 List

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November 3, 2026

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Recognition honors Cummings’ leadership in transforming Terakeet and building a new model for enterprise reputation management in the age of generative AI

SYRACUSE, N.Y., Nov. 3, 2026 /PRNewswire/ — ADWEEK today announced that Terakeet CEO & Co-Founder Mac Cummings has been named to the 2026 ADWEEK Innovator 50 list, which recognizes leaders driving innovation and shaping the future of marketing, media and technology.

Cummings was recognized for his leadership and vision in anticipating how generative AI would reshape enterprise reputation and positioning Terakeet to address the emerging challenges facing the Fortune 100 and its executives.

Over the past year, Cummings has led Terakeet’s transition from enterprise search marketing to global reputation management. The shift expanded the company’s focus beyond search visibility to the ways brands and executives are represented across search engines, generative AI platforms and the broader digital ecosystem.

“AI has changed what’s at stake for the Fortune 100,” said Cummings. “Reputation risk now moves across search and AI at the same time, and most brands don’t have the infrastructure to manage it. We built the Reputation Operating System to give them the technology, intelligence and expertise to understand those risks and strengthen their position before issues escalate.”

To better serve these customers, Cummings directed investments in proprietary technology, expanded the company’s expertise in cybersecurity and reputation risk, and established new strategic partnerships.

The recognition comes as Terakeet celebrates its 25th anniversary, marking a quarter century of evolution alongside major shifts in technology and the digital landscape. Cummings co-founded Terakeet in 2001 and has led the company through each stage of its growth, from its origins in search to its current focus on enterprise reputation management.

“The responsibility of a leader isn’t to protect the business model that worked yesterday but to recognize where the market is going and build for it,” Cummings said. “For Terakeet, that has meant looking past short-term fixes and building the infrastructure enterprises need to understand risk and protect trust in the AI era.”

About Mac Cummings

Mac Cummings is the CEO and Co-Founder of Terakeet. He co-founded the company in Syracuse, New York, in 2001 and has led its evolution across search marketing, digital strategy and enterprise reputation management. Today, Cummings oversees Terakeet’s business strategy and the continued development of its reputation management capabilities and technology.

About Terakeet

Terakeet is an enterprise reputation management company that helps brands and executives understand and manage how they are represented across search engines, generative AI platforms and the broader digital ecosystem. Founded in 2001, the company combines proprietary technology, intelligence and strategic expertise to support enterprise reputation programs.

View original content to download multimedia:https://www.prnewswire.com/news-releases/terakeets-mac-cummings-named-to-adweek-innovator-50-list-302928186.html

SOURCE Terakeet, LLC

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