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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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As ADA Anniversary Approaches, University of Phoenix Survey Highlights AI’s Potential to Advance Accessibility in Work and Learning

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July 24, 2026

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Survey conducted by The Harris Poll on behalf of University of Phoenix finds among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.

PHOENIX, July 24, 2026 /PRNewswire/ — As artificial intelligence becomes part of how people work, learn and solve problems, a new University of Phoenix survey conducted by The Harris Poll finds that recent working learners see meaningful opportunities for AI to support accessibility. The survey was designed to understand the impact of AI in the workplace and learning environments on accessibility, defined as ensuring digital content, tools and resources, including AI tools and output, are usable by people with different abilities through inclusive design, use of assistive technology or conformance with accessibility standards, such as the Web Content Accessibility Guidelines (WCAG). The findings are being released ahead of the 36th anniversary of the Americans with Disabilities Act (ADA) on July 26.

The survey, conducted among 1,019 U.S. employed adults who completed a professionally presented training or school course in the past 12 months (“recent working learners”), found that, among workers already using AI in the workplace, 3 in 5 (60%) say AI has improved their knowledge of and ability to use accessibility standards and guidelines, including nearly 1 in 5 (19%) who report significant improvement. 

While the findings point to optimism about AI’s accessibility potential, they also reveal an opportunity for clearer organizational guidance: 45% of respondents say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.

“The reality is that accessibility benefits everyone,” shares Kelly Hermann, Vice President of Accessibility and Student Affairs at University of Phoenix. “If accessibility is built in from the beginning, organizations are more likely to create AI-enabled environments that are universally usable. Clearer content, better summaries, accurate captions, and multiple formats can help workers and learners with disabilities, but they also help busy adults, multilingual learners, mobile users, and anyone trying to absorb information quickly.”

Key findings from the survey include:

Workers see AI’s accessibility potential: 89% of recent working learners identify workflows that could benefit from AI and accessibility tools, especially creating accessible documents, presentations, websites or learning materials (38%), presenting information in different formats such as plain language, audio, summaries or translations (33%), and training employees or learners on accessibility practices (30%).AI may help build accessibility awareness: Among those already using AI in the workplace, 60% say AI has improved their knowledge of and ability to use accessibility standards and guidelines.Accessibility is not always clear in workplace AI policies: 45% of recent working learners say accessibility is absent from, unclear in, or they are uncertain whether it is covered by their workplace AI policies.AI tools may not yet fully support different access needs: Among those who use workplace AI tools, only about a quarter of survey respondents (27%) say AI tools available through their workplace or professional learning environment support people with disabilities very well.Human oversight remains important: 36% of recent working learners say human review for important decisions or high-impact work should be part of responsible AI use at work or school.Workers also recognize how AI and accessibility can have an impact on their own career journey: 90% of recent working learners identify AI and accessibility skills that would be valuable in their current or desired career field, including 45% who see value in understanding when AI-generated content needs human review.

Why accessibility is essential to responsible AI adoption

As AI tools are used to draft documents, summarize information, generate captions and transcripts, create image descriptions, support learning and assist with workplace tasks, accessibility becomes central to responsible use. Poorly implemented AI can also create or amplify barriers, including inaccessible content, inaccurate summaries, biased outputs and tools that do not work effectively with assistive technologies.

“Responsible AI is not only about productivity,” Hermann said. “It is about whether the technology works for the people who need to use it. AI can help create more accessible materials and more flexible ways to engage with information, but it still requires clear policies, practical training and human judgment to make sure the outputs are accurate, applicable and usable.”

What the findings mean for employers and educators

The survey suggests that organizations have an opportunity to align AI adoption with supportive design, accessibility practices and workforce training. Employers and educators can take immediate steps by:

Naming accessibility directly in AI policies and guidance.Choosing AI tools with accessibility and assistive technology compatibility in mind.Training workers and learners to create, check and improve accessible AI-generated content.Making support pathways clear for people who experience barriers using AI tools.Keeping human review in place for important decisions, high-impact work and accessibility-sensitive outputs.

The survey also found workers want practical AI training. The most helpful resources identified by recent working learners include real-world examples from their field or industry (36%), hands-on practice using realistic workplace scenarios (34%) and step-by-step demonstrations of common tasks (33%).

Accessibility insights from University of Phoenix

Hermann shared the survey findings ahead of the ADA anniversary in recent media interviews. Hermann oversees the University’s accessibility initiative, including evaluation and remediation of curricular resources, the Center for Access, Resources, Engagement and Support Services (CARES), and the Office of Collaborative Learning and Educational Engagement. Her work focuses on fostering accessible and welcoming educational environments for students, faculty and staff.

Hermann’s office at University of Phoenix also convenes accessibility conversations through initiatives such as Access Amplified™, a free, annual virtual event focused on advancing digital accessibility in web development. The event brings together engineers, developers, designers, content authors and digital strategists for practical strategies and human-centered conversations that address the gap between coding practices and how users with assistive technology experience the web.

About the survey

The survey was conducted online within the United States by The Harris Poll on behalf of University of Phoenix from June 22–29, 2026, among 1,019 employed adults ages 18 and older who have taken a professionally presented training or a school course in the past 12 months, referred to as “recent working learners.” Data were weighted where necessary by age, gender, race/ethnicity, region, education, employment, marital status, household size, household income and smoking status to bring them in line with their actual proportions in the population.

Respondents for this survey were selected from among those who have agreed to participate in surveys. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 3.8 percentage points using a 95% confidence level. This credible interval will be wider among subsets of the surveyed population of interest.

Review the complete survey at phoenix.edu/aiaccessibility.

About University of Phoenix

University of Phoenix is Built for Real Life. 50 Years Strong. The University innovates to help working adults enhance their careers and develop skills in a rapidly changing world through flexible online learning, relevant courses, academic AI pillars, and skills-mapped curriculum for associate, bachelor’s and master’s degree programs. Active students and alumni have access to Career Services for Life® resources including career guidance and tools. For more information, visit phoenix.edu. 

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Mastech Digital to Announce Second Quarter 2026 Financial Results; Participate in Upcoming Investor Conference

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July 24, 2026

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PITTSBURGH, July 24, 2026 /PRNewswire/ — Mastech Digital, Inc. (NYSE American: MHH) (“Mastech Digital”), a leading provider of Digital Transformation IT Services, today announced the date for the release of its financial results for the second quarter ended June 30, 2026, and its participation in an upcoming investor conference.

Second Quarter 2026 Earnings:

Mastech Digital will report its financial results for the second quarter 2026 before the market opens on Thursday, August 6, 2026. Management will host a live conference call and webcast at 9:00 a.m. Eastern Time on that day to discuss the Company’s financial performance and operating results.  The conference call will be hosted by Nirav Patel, President and CEO, and Kannan Sugantharaman, Chief Financial and Operations Officer.

Those wishing to participate via webcast should access the call through Mastech Digital’s Investor Relations website at https://investors.mastechdigital.com. Those wishing to participate via telephone may dial in at 1-800-715-9871 (USA) or 1-646-307-1963 (International) with the passcode 7506988. The replay will be available via webcast through Mastech Digital’s Investor Relations website.

Upcoming Investor Conference:

Mr. Sugantharaman will host a fireside chat at the Sidoti Micro-Cap Investor Conference on Wednesday, August 19, 2026, at 9:15 a.m. Eastern Time.

Mastech Digital management is scheduled to host virtual one-on-one and small group meetings with investors during the conference on August 19-20, 2026. Investors interested in arranging a meeting should contact their Sidoti representative or reach out to the Mastech Digital investor relations team at investors@mastechdigital.com.

About Mastech Digital, Inc.

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services. The Company offers Data Management, Analytics & AI Solutions, and IT Staffing Services with a digital-first approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA, with offices across the U.S., Canada, Europe, and India. Visit us at www.mastechdigital.com.

Investor Relations Contact:
investors@mastechdigital.com 

 

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SOLAI Limited Announces Extraordinary General Meeting

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July 24, 2026

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AKRON, Ohio, July 24, 2026 /PRNewswire/ — SOLAI Limited (NYSE: SLAI) (“SOLAI” or the “Company”) (previously known as “BIT Mining Limited”), a technology-driven personal AI and digital infrastructure provider, today announced that it will hold its extraordinary general meeting of shareholders at 428 South Seiberling Street, Akron, Ohio, US on August 14, 2026 at 10:00 a.m., New York time.

Holders of record of ordinary shares and preference shares of the Company at the close of business on July 20, 2026, New York time (the “Record Date”) are entitled to receive notice of, and to attend and vote at, the extraordinary general meeting or any adjournment thereof. Holders of the Company’s American Depositary Shares (“ADSs”) who wish to exercise their voting rights for the underlying ordinary shares must act through the depositary of the Company’s ADS program, Deutsche Bank Trust Company Americas.

The notice of the extraordinary general meeting, which sets forth the resolutions to be submitted to shareholder approval at the extraordinary general meeting is available on the Investor Relations section of the Company’s website at https://ir.solai.com. 

About SOLAI Limited

SOLAI Limited (previously known as “BIT Mining Limited”) (NYSE: SLAI) (previously traded under “BTCM”) is a technology-driven personal AI and digital infrastructure provider. Building upon its historical legacy in digital asset mining and blockchain network operations, the Company is leveraging extensive experience in large-scale hardware deployment, data center operations, and high-performance computing to build the foundational infrastructure for personal AI computing and digital asset ecosystems globally.

For more information:

SOLAI Limited
ir@solai.com
ir.solai.com
www.solai.com 

Christensen Advisory
Jason Ng
Tel: +852-2117-0861
Email: solai@christensencomms.com 

 

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