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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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Klook launches K.ai, an AI agent that manages merchants’ back-office operations

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K.ai goes beyond answering questions to executing inventory, pricing, and booking-related tasks in Klook’s merchant portal

SINGAPORE and HONG KONG, Nov. 3, 2026 /PRNewswire/ — Klook, a leading global platform for experiences, launches K.ai, an AI agent that helps experiences merchants manage their businesses by executing everyday tasks in Klook’s merchant portal.

Unlike conventional AI assistants that only answer questions or provide recommendations, K.ai can retrieve business information and act on merchants’ instructions, from checking bookings and availability to updating inventory and pricing. This reduces the need for merchants to navigate multiple menus and complete routine tasks manually.

K.ai is now being introduced to Klook’s merchants through a phased global rollout, ahead of the year-end travel season.

Bringing SMEs from offline to AI-powered operations

Experiences remain one of travel’s least digitized categories. According to Euromonitor, only about 34% of experiences bookings are made online, compared with 66% for accommodations and 81% for flights.

A key reason is fragmentation: small and medium-sized (SME) operators make up around 95% of the sector, and many lack the digital reach to sell beyond walk-ins and offline channels. The result is a large, fragmented supply base that travelers still struggle to find, compare and book online.

By bringing these merchants online, Klook makes them discoverable and bookable to travelers worldwide, and by embedding AI into Klook’s existing tech infrastructure, it helps them leapfrog from manual processes to AI-powered business management.

“Many experiences merchants don’t have dedicated teams to manage technology or back-office operations. With K.ai, we’re bringing the most practical and valuable agentic AI capabilities into their day-to-day operations, removing much of the manual work involved in running their businesses, so they can spend more time on what they do best: delivering meaningful experiences for travelers,” says Bernie Xiong, Co-founder and CTO of Klook.

From answering questions to getting work done

For SME merchants, managing bookings, inventory and pricing is essential but time-consuming. While most AI business assistants only answer questions, K.ai goes further — it answers questions and takes action.

A merchant can ask, “What did my bookings look like last week?” and receive a report. The merchant can then instruct K.ai to “Raise the weekend price by 10%” and have the change applied in the merchant portal.

Early results from merchants using K.ai demonstrate operational improvements. Tasks that required multiple steps can now be completed 95% faster for individual inventory and pricing updates, and 97% faster for batch checks of products, inventory and orders.

Beyond efficiency, merchants using K.ai recorded 3.4 times as many monthly bookings of those not using the agent. With the ability to adjust operational details in seconds, merchants are better equipped to respond to changing demand and capture booking opportunities.

“I used to block out an hour every morning to update prices and availability across my tours,” says Erica Yu, Co-founder of MyProGuide in Taiwan. “The difference is tangible. Now I tell K.ai what I want, and it’s done before my coffee is. I’m catching last-minute demand that I used to miss, and I finally have more time to work on the tours themselves.”

From back-office operations to business growth

Beyond supporting day-to-day merchant portal operations and queries, K.ai also simplifies other time-consuming aspects of running an experiences business.

With one-click product listing, merchants can upload existing materials and have K.ai generate structured product listings, pre-filling fields for merchants to review and edit instead of building listings from scratch.

K.ai also helps merchants make more informed business decisions by turning customer reviews and performance data into actionable insights.

Through the Reviews and Dashboard pages, K.ai highlights changes in business performance, identifies potential reasons behind them and surfaces opportunities for improvement. This helps merchants better understand customer needs, improve service quality and refine their offerings, shifting their focus from routine administration to growing their businesses.

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SOURCE Klook

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izmo Microsystems Successfully Develops and Qualifies Indigenous Pitch Detector for Defence Avionics

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Achievement demonstrates integrated electronics design, advanced semiconductor packaging and military grade manufacturing capabilities.

BENGALURU, India, Nov. 3, 2026 /PRNewswire/ — izmo Limited (NSE: IZMO) (BSE: 532341) today announced that its semiconductor subsidiary, izmo Microsystems Pvt. Ltd., has successfully developed and completed defence qualification of an indigenous Pitch Detector – a critical avionics component that senses aircraft pitch attitude and provides correction data to the gyromagnetic compass navigation system. The component is used across multiple military aircraft and helicopter platforms currently in active service.

The original foreign origin Pitch Detector faced irregular and limited supply from its overseas manufacturer, creating operational challenges for platforms dependent on it. izmo Microsystems undertook a complete indigenization program to develop a fully compatible Indian replacement, reducing dependence on imported components and strengthening domestic supply chain resilience.

izmo Microsystems successfully reengineered the original component without access to its design documentation, redesigned the electronics using modern technology, and manufactured a fully compatible replacement in India. The component was developed and manufactured at the Company’s DSIR recognised advanced semiconductor packaging facility in Bangalore, and successfully qualified to military reliability standard MIL-PRF-38534.

The achievement demonstrates izmo Microsystems’ ability to undertake complete product development programs, from design and engineering through manufacturing and qualification. These integrated capabilities position the Company to address a wider range of defence and aerospace indigenization opportunities, particularly where imported components are obsolete, difficult to procure or no longer supported by their original manufacturers.

The development also reflects the growing maturity of izmo Microsystems’ technology platform, which combines advanced electronics design with high reliability semiconductor packaging and manufacturing. These capabilities support the Company’s activities across defence, aerospace, silicon photonics and other advanced semiconductor applications.

India’s defence budget for FY2026–27 stands at ₹7.85 lakh crore, including ₹2.19 lakh crore for capital expenditure, reflecting the Government’s continued commitment to defence modernization and self reliance. With increasing emphasis on indigenous procurement and import substitution, izmo Microsystems sees growing opportunities to apply its engineering and manufacturing capabilities across the defence electronics sector.

About izmo Microsystems Pvt. Ltd.

izmo Microsystems Pvt. Ltd. is the advanced semiconductor packaging subsidiary of NSE/BSE listed izmo Limited. Based in Bengaluru, the Company operates a state-of-the-art facility providing integrated design, packaging and manufacturing services across silicon photonics, RF and microwave electronics, 3D System-in-Package integration, hermetic packaging and high reliability defence electronics.

For more information, visit  www.izmomicro.com / www.izmoltd.com or contact:   

Media Contact

izmomicro Communications

Email: info@izmomicro.com 

Investor Contact  

izmo Limited

No. 177/2C, Bilekahalli Industrial Area, Bannerghatta Road, Bangalore 560076

CIN: L72200KA1995PLC018734

Email ID: investors@izmoltd.com

Caution Concerning Forward- Looking Statements: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. 

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Auden Techno Corp. Recognized at Asia Pacific Enterprise Awards 2026 Taiwan Chapter for Strong Corporate Governance and Ethical Practices

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TAIPEI, Nov. 3, 2026 /PRNewswire/ — Auden Techno Corp., a Taiwan-based connectivity solutions provider established in 1981, has been recognized with the Corporate Integrity and Governance Excellence (CIGE) Award at the Asia Pacific Enterprise Awards (APEA) 2026 Taiwan, organized by Enterprise Asia. The recognition highlights the company’s continued commitment to integrity, responsible governance, and effective risk management as it advances connectivity solutions worldwide.

Led by Chairman and General Manager Daniel Chang, Auden Techno Corp. operates five business divisions covering Wireless Communications, Instrument Equipment Sales, Sustainability, mmWave, and Advanced R&D. Guided by its principles of “Integrity and Innovation”, the company places the Board of Directors at the center of its governance framework. In 2025, the Board convened eight meetings with a 97% attendance rate, while ESG oversight covering governance, information security, environmental protection, and social engagement was delegated to the Sustainable Development Committee. An independent Internal Audit Office reports quarterly to the Board and supports risk management across strategy, finance, compliance, and climate change.

Auden Techno Corp. has also embedded integrity into its organizational practices. All directors and senior executives have signed Integrity Management Declarations, while annual anti-corruption training is provided to all employees. An independent whistleblowing channel protects reporting parties, with zero violations recorded in 2025. Since 2025, ESG performance has also been linked to executive compensation with a 30% weighting.

The company’s governance framework is supported by measurable performance. It recorded zero information security incidents in 2025 and has maintained zero environmental violations, corruption incidents, and discrimination complaints for years. Its Corporate Governance Evaluation score of 91.30 placed it in the top tier for two consecutive years, demonstrating how integrity and governance have been integrated into its business operations.

These sustained efforts reflect Auden Techno Corp.’s commitment to embedding integrity, accountability, and responsible governance across its operations. Its consistent approach to ethical business practices and effective oversight demonstrates the strong governance foundation behind its recognition at the APEA 2026.

The APEA 2026 Taiwan is supported by the Taiwan Institute for Sustainable Energy (TAISE), with KPMG Taiwan as the Official Assurance Partner. PR Newswire serves as the Official News Release Distribution Partner while Commercial Times and Dailywire.asia serve as the Media Partners.

About Enterprise Asia

Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information.

About Asia Pacific Enterprise Awards

Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/ regions and markets all over Asia. For further information, please visit https://apea.asia/taiwan/. 

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SOURCE Enterprise Asia

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