China-based Dalian Wanda Group invests in 99Bill

Tuesday 30 December 2014 08:44 CET | News

Dalian Wanda Group, China-based commercial real estate developer, has invested USD 300 million in 99Bill for its online payments platform.

The company currently extends its services to 80% of the country’s mobile payments users. In addition to mobile payments, the company has ventured into several non-related industries including ecommerce, entertainment, media and tourism.

Dalian Wanda Group is a Chinese conglomerate company with activities in real estate, tourism, hotels, and entertainment. It was founded in Dalian, Liaoning Province and is now headquartered in Beijing.

99Bill provides a suite of electronic payment services including airline, online and offline retail, insurance, education, logistics and other. The company has also launched WAP, IVR and InAPP based mobile payment services over time.

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Keywords: China, Dalian Wanda Group, 99Bill, online payments, mobile payments, payments platform
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce