FUSHI

Fushi acquires Ascentis as part of its expansion into Southeast Asia

Retrieved on: 
Thursday, May 18, 2023
Online, Software as a service, Starbucks, F&B, POS, E-commerce, Sale, Far East Organization, Sunway Group, Acquisition, Shenzhen, QR, CRM, Artificial intelligence, Ecosystem, Sales, Online shopping, Ascentis, Singtel

HONG KONG, May 18, 2023 - (ACN Newswire) - Fushi Technology (Shenzhen) Co., Ltd ("Fushi") is delighted to announce its acquisition of Ascentis Pte Ltd ("Ascentis"), a leading Customer Relationship Management ("CRM") and eCommerce SaaS solutions provider in Southeast Asia.

Key Points: 
  • HONG KONG, May 18, 2023 - (ACN Newswire) - Fushi Technology (Shenzhen) Co., Ltd ("Fushi") is delighted to announce its acquisition of Ascentis Pte Ltd ("Ascentis"), a leading Customer Relationship Management ("CRM") and eCommerce SaaS solutions provider in Southeast Asia.
  • With this acquisition, Fushi is Ascentis' controlling shareholder, and it marks a significant milestone in Fushi's globalization strategy.
  • Founded in 2003, Ascentis is headquartered in Singapore, with six offices in Southeast Asia.
  • "Acquiring Ascentis will expedite Fushi's globalization strategy and expand its business into the growing Southeast Asia market," said Fushi.

Institutions maintain 'buy' rating as Yeahka (09923.HK) records fast growth

Retrieved on: 
Thursday, September 2, 2021
TikTok, Growth, Acquisition, Guosheng Yin, Toutiao, GPV, VAS, Marketing, Software as a service, Daiwa, PE, CLSA, Citigroup, ARPU, GMV, Online shopping

Yeahka, which has payment as its other major business, has achieved rapid growth in the first half of 2021, according to its interim results announced on Aug 26.

Key Points: 
  • Yeahka, which has payment as its other major business, has achieved rapid growth in the first half of 2021, according to its interim results announced on Aug 26.
  • A CLSA report expects Yeahka's GPV continues to increase, while the technology-enabled business achieving fast growth.
  • Revenue was Rmb44.9m in 1H21, with the number of paid consumers more than 1.42m and GMV exceeded Rmb71.0m," the report noted.
  • It expects the new business to "serve as a new engine for growth".

Yeahka's Associated Company Fushi to Acquire 60% of Shenzhen Zhizhanggui Cloud Service

Retrieved on: 
Monday, May 10, 2021
Software, Business models, Fushi, Software as a service, Computing

b'HONG KONG, May 10, 2021 - (ACN Newswire) - Yeahka Limited (Stock Code: 9923), a leading payment-based technology platform in China, announced that Shenzhen Zhizhanggui Cloud Service Co., Ltd. ("Zhizhanggui") and Shenzhen Leshou Cloud Technology Co., Ltd. ("Leshou"), both indirect wholly-owned subsidiaries of Yeahka, have entered into a non-legally binding memorandum of understanding with Fushi Technology (Shenzhen) Co., Ltd. ("Fushi"), an associated company of Yeahka which the Company holds approximately 47.58% equity interests in aggregate through its indirect subsidiaries, in relation to the potential disposal of 60% Zhizhanggui\'s equity interests by Leshou to Fushi (the "Potential Disposal").

Key Points: 
  • b'HONG KONG, May 10, 2021 - (ACN Newswire) - Yeahka Limited (Stock Code: 9923), a leading payment-based technology platform in China, announced that Shenzhen Zhizhanggui Cloud Service Co., Ltd. ("Zhizhanggui") and Shenzhen Leshou Cloud Technology Co., Ltd. ("Leshou"), both indirect wholly-owned subsidiaries of Yeahka, have entered into a non-legally binding memorandum of understanding with Fushi Technology (Shenzhen) Co., Ltd. ("Fushi"), an associated company of Yeahka which the Company holds approximately 47.58% equity interests in aggregate through its indirect subsidiaries, in relation to the potential disposal of 60% Zhizhanggui\'s equity interests by Leshou to Fushi (the "Potential Disposal").
  • Jointly with Fushi, Yeahka will continue to strengthen its SaaS portfolio and remain committed to establishing a commercial digitalized ecosystem.\nYeahka Limited is a leading payment-based technology platform in China providing payment and technology-enabled business services to merchants and consumers.
  • The Company was listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") in June 2020 under the stock code "09923.HK".
  • The Company\'s value proposition is to create a commercial digitalized ecosystem that enables seamless, convenient and reliable payment transactions between merchants and consumers and further offer a rich variety of technology-enabled business services, including (i) merchant SaaS products, which help customers improve their operational efficiency, (ii) precision marketing services, allowing customers to effectively reach their target markets, and (iii) fintech services, which cater to customers\' diverse financial needs.\n'

Yeahka Announces 2020 Annual Results

Retrieved on: 
Thursday, March 25, 2021
Payment systems, Money, Mobile payments, Online payments, Credit cards, Payments

Mr. Luke Liu, Chairman of the Board, Chief Executive Officer and Executive Director of the Company, said, "I am pleased to present Yeahk's first annual results as a public company.

Key Points: 
  • Mr. Luke Liu, Chairman of the Board, Chief Executive Officer and Executive Director of the Company, said, "I am pleased to present Yeahk's first annual results as a public company.
  • As of the end of 2020, the Company had collaborated with more than 10,000 independent sales agents and sales partners.
  • The number of app-based payment transactions jumped 119.1% , while GPV increased by 28.5% in the second half of 2020 as compared to that in the first half of 2020.
  • Yeahka Limited is a leading payment-based technology platform in China providing payment and technology-enabled business services to merchants and consumers.

Yeahka Announces 2020 Annual Results

Retrieved on: 
Thursday, March 25, 2021
Payment systems, Online payments

HONG KONG, March 25, 2021 /PRNewswire/ -- Yeahka Limited ("Yeahka" or the "Company", Stock Code: 9923), a leading payment-based technology platform in China, is pleased to announce the audited consolidated results for the year ended December 31, 2020 (the "Reporting Period").

Key Points: 
  • HONG KONG, March 25, 2021 /PRNewswire/ -- Yeahka Limited ("Yeahka" or the "Company", Stock Code: 9923), a leading payment-based technology platform in China, is pleased to announce the audited consolidated results for the year ended December 31, 2020 (the "Reporting Period").
  • Mr. Luke Liu, Chairman of the Board, Chief Executive Officer and Executive Director of the Company, said, "I am pleased to present Yeahk's first annual results as a public company.
  • As of the end of 2020, the Company had collaborated with more than 10,000 independent sales agents and sales partners.
  • Yeahka Limited is a leading payment-based technology platform in China providing payment and technology-enabled business services to merchants and consumers.

Yeahka's Portfolio Company Fushi Technology Completes US$15 Million Series A+ Funding

Retrieved on: 
Tuesday, March 23, 2021
Fushi, Qianhai, Shenzhen

HONG KONG, March 23, 2021 /PRNewswire/ -- YEAHKA LIMITED ("Yeahka" or the "Company", stock code: 9923.HK), aleading payment-based technology platform in China, is pleased to announce today that Fushi Technology (Shenzhen) Co., Ltd ("Fushi Technology"), a key member of the Company's merchant SaaS product portfolio, together with ABC International Holdings Limited ("ABC International") and Cowin Capital, have reached investment intention on Fushi Technology's Series A+ funding.

Key Points: 
  • HONG KONG, March 23, 2021 /PRNewswire/ -- YEAHKA LIMITED ("Yeahka" or the "Company", stock code: 9923.HK), aleading payment-based technology platform in China, is pleased to announce today that Fushi Technology (Shenzhen) Co., Ltd ("Fushi Technology"), a key member of the Company's merchant SaaS product portfolio, together with ABC International Holdings Limited ("ABC International") and Cowin Capital, have reached investment intention on Fushi Technology's Series A+ funding.
  • In less than 2 months after raising more than RMB100 million in Series A funding in February this year, Fushi Technology has again secured another capital funding, demonstrating the advantages of Fushi Technology's SaaS digitalized platform and the substantial development prospect of the merchant services market.
  • Founded in 2016, Fushi Technology strives to become China's largest one-stop digitalized platform for merchants.
  • Earlier in 2019, Yeahka invested in Fushi Technology through its indirectly wholly owned subsidiary, Shenzhen Qianhai Saosao Technology Co., Ltd and RYK Capital Partners Limited.

Yeahka's Portfolio Company Fushi Technology Completes US$15 Million Series A+ Funding

Retrieved on: 
Tuesday, March 23, 2021
Fushi, Qianhai, Shenzhen

HONG KONG, March 23, 2021 /PRNewswire/ -- YEAHKA LIMITED ("Yeahka" or the "Company", stock code: 9923.HK), aleading payment-based technology platform in China, is pleased to announce today that Fushi Technology (Shenzhen) Co., Ltd ("Fushi Technology"), a key member of the Company's merchant SaaS product portfolio, together with ABC International Holdings Limited ("ABC International") and Cowin Capital, have reached investment intention on Fushi Technology's Series A+ funding.

Key Points: 
  • HONG KONG, March 23, 2021 /PRNewswire/ -- YEAHKA LIMITED ("Yeahka" or the "Company", stock code: 9923.HK), aleading payment-based technology platform in China, is pleased to announce today that Fushi Technology (Shenzhen) Co., Ltd ("Fushi Technology"), a key member of the Company's merchant SaaS product portfolio, together with ABC International Holdings Limited ("ABC International") and Cowin Capital, have reached investment intention on Fushi Technology's Series A+ funding.
  • In less than 2 months after raising more than RMB100 million in Series A funding in February this year, Fushi Technology has again secured another capital funding, demonstrating the advantages of Fushi Technology's SaaS digitalized platform and the substantial development prospect of the merchant services market.
  • Founded in 2016, Fushi Technology strives to become China's largest one-stop digitalized platform for merchants.
  • Earlier in 2019, Yeahka invested in Fushi Technology through its indirectly wholly owned subsidiary, Shenzhen Qianhai Saosao Technology Co., Ltd and RYK Capital Partners Limited.