Mobile-geared firm calling up IPO

Business | Avery Chen 23 Jul 2019

Yeahka Technology, founded by Liu Yingqi, the former general manager of Tencent (0700) operation Tenpay, is seeking a listing in Hong Kong this year.

The Shenzhen-based mobile payment solutions and services provider has appointed ABC International, CLSA and Nomura to arrange the initial public offering. The company is said to be preparing to submit the IPO application within the third quarter of this year.

Set up in 2012, Yeahka is involved in mobile payments, merchant services, financial services and artificial intelligence.

Wholly-owned Yeahka subsidiary Leshua Technology was granted a payment license by the People's Bank of China in 2014.

Yeahka launched its one-stop payment platform in 2015. That supports various payment methods including though bank cards, WeChat Pay and AliPay.

 

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