{"id":28955,"date":"2024-08-21T09:20:00","date_gmt":"2024-08-21T09:20:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4488275_AE88275_0"},"modified":"2024-08-21T09:20:00","modified_gmt":"2024-08-21T09:20:00","slug":"lianlian-reports-617-million-yuan-in-h1-2024-revenue-up-over-40-year-over-year","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=28955","title":{"rendered":"LianLian Reports 617 Million Yuan in H1 2024 Revenue, Up Over 40% Year-Over-Year"},"content":{"rendered":"

HANGZHOU, China<\/span><\/span>, Aug. 21, 2024<\/span><\/span> \/PRNewswire\/ — On August 20, 2024<\/span>, Hong Kong<\/span>-listed LianLian<\/span> (2598.HK) announced its interim results for 2024.<\/p>\n

According to the report,  LianLian’s <\/span>transaction payment volume (TPV) in the first half of 2024 reached 1.57 trillion yuan<\/span>, representing a year-on-year increase of 120.1%. During the same period, the company’s total revenue rose 40.1% year-on-year to 617 million yuan<\/span>. Gross profit also grew 20.3% year-on-year to 325 million yuan<\/span>, with an overall gross profit margin of 52.6%. Additionally, the non-GAAP operating profit stood at 16.66 million yuan<\/span>, showcasing LianLian<\/span>‘s solid financial performance and robust operational capabilities.<\/p>\n

Founded in 2009, LianLian<\/span>‘s main business is divided into digital payment services and value-added services. The digital payment services encompass both global and domestic payments.<\/p>\n

In the first half of this year, LianLian<\/span> further expanded its global presence, enhanced product innovation, and drove comprehensive and outstanding growth across all business lines<\/b>. During this period, the TPV of the global payment business reached 102.3 billion yuan<\/span>, reflecting a year-on-year increase of 35.4%, while total revenue amounted to 372 million yuan<\/span>, a year-on-year rise of 21.9%. The domestic payment business TPV soared to 1.47 trillion yuan<\/span>, up 130.1% year-on-year, with total revenue hitting 170 million yuan<\/span>, an increase of 117.8% year-on-year. Thanks to the traffic contribution from the growth of the digital payment business, total revenue from value-added services also increased 41.2% year-on-year to 67 million yuan<\/span>.<\/p>\n

In addition, in May of this year, LianLian<\/span> obtained the EMI (Electronic Money Institution) license in Luxembourg<\/span>. As of June 30, 2024<\/span>, the company had established a global licensing network comprising 65 payment licenses and related qualifications<\/b>. This allows LianLian<\/span> to provide services in over 100 countries and regions, supporting transactions in more than 130 currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

HANGZHOU, China, Aug. 21, 2024 \/PRNewswire\/ — On August 20, 2024, Hong Kong-listed LianLian (2598.HK) announced its interim results for 2024. According to the report,  LianLian’s transaction payment volume (TPV) in the first half of 2024 reached 1.57 trillion yuan, representing a year-on-year increase of 120.1%. During the same period, the company’s total revenue rose […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-28955","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\nLianLian Reports 617 Million Yuan in H1 2024 Revenue, Up Over 40% Year-Over-Year - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=28955\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LianLian Reports 617 Million Yuan in H1 2024 Revenue, Up Over 40% Year-Over-Year - My Blog\" \/>\n<meta property=\"og:description\" content=\"HANGZHOU, China, Aug. 21, 2024 \/PRNewswire\/ — On August 20, 2024, Hong Kong-listed LianLian (2598.HK) announced its interim results for 2024. 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