PR84790

HONG KONG, July 15, 2020 /PRNewswire=KYODO JBN/ --

YEAHKA LIMITED ("Yeahka" or the "Company", stock code: 9923.HK), a leading

technology platform in China, was listed on the Main Board of The Stock

Exchange of Hong Kong Limited in June 2020. The shares of the Company initially

offered under the Hong Kong Public Offering and International Offering were

significantly over-subscribed and very significantly over-subscribed

respectively. After the listing, a number of brokers, including CLSA, China

Renaissance, and Oriental Patron, initiated buy ratings on Yeahka, reflecting

the capital market's confidence in the Company's business model and future

prospects.

As payment technologies mature, demand from merchants for digital and smart

solutions continues to increase, with the aim to acquire customers and improve

overall customer experience through the use of innovative technologies. As the

leading payment-based technology platform in China, Yeahka has rapidly expanded

its customer base in recent years, and has accumulated vast volumes of data

through countless payment transactions, enabling the Company to leverage its

growing expertise in big data analysis and the use of AI technology to further

fulfill the needs of merchants and consumers for digital and smart solutions.

In March 2019, Yeahka and its shareholder Recruit Holdings Co., Ltd ("Recruit

Holdings"), a renowned Japanese internet company, jointly established RYK

Capital Partners Limited ("RYK Capital Partners"), an industrial investment

platform. Yeahka will continue to explore investment opportunities across the

business services and technology fields via RYK Capital Partners, aiming to

create synergies with Yeahka's strategies.

Investment platform continues to expand in the industry

More recently, Yeahka has expanded its payment and SaaS business through its

investment platform by continuing to strengthen its value chain from payments

to business services to create value for merchants and consumers.

In May 2020, Yeahka, through RYK Capital Partners, increased investment in

Fushi Technology (Shenzhen) Co., Ltd.'s payment and service platform

"Haoshengyi". Haoshengyi connects a variety of payment methods, assisting

merchants to consolidate cash register and integrated billing functions, as

well as to offer them store management and customer services. Haoshengyi has

been expanding rapidly by effectively capitalizing on market opportunities that

stem from the evolving digital economy, where micro and small merchants are in

dire need of intelligent business solutions. Expanding gradually from cities,

Haoshengyi is now available in 17 cities including Shanghai, Shenzhen, Wuhan,

and Chengdu. Haoshengyi serves numerous micro and small businesses across

various sectors, including from catering, retail, fashion, lifestyle,

entertainment to social services, on-campus services, postal services,

automobiles, telecommunications and hospitals. Yeahka's investment in

Haoshengyi has further strengthened its own sales channels and business

operations, enabling Yeahka to offer in-depth payment and business services

empowered by technology for more merchants and consumers.  

In June 2020, Yeahka, through RYK Capital Partners, made a strategic investment

in Shenzhen Zhibaiwei Technology Development Co., Ltd. ("Zhibaiwei"), a leading

SaaS software developer in China. Yeahka will further collaborate closely with

Zhibaiwei on value-added services such as payment solutions, SaaS software, and

marketing services. Zhibaiwei is a development and operations service provider

that focuses on retail, ERP for the catering industry, SaaS, mobile internet

and O2O technology platform. Zhibaiwei provides customers with a comprehensive

range of solutions that include management consulting, mobile payments,

equipment procurement, system integration and technical services. As of the end

of 2019, Zhibaiwei cumulatively served nearly 300,000 merchants across China.

Technology-enabled smart services catering to merchants' needs in all scenarios

By leveraging transaction data generated from the Company's payment services

and powered by AI-enabled image recognition, intelligent credit analysis and

scoring technologies, Yeahka offers a variety of technology-enabled business

services, including merchant SaaS products and marketing services, allowing

merchants to improve operational efficiency and effectively reach target

markets. At the same time, Yeahka creates value by enabling companies to

improve their end-to-end ecosystems and promoting transactions between

merchants and consumers.

As a pioneer in providing technology-enabled business services to merchants,

Yeahka successfully launched Smart Shopkeeper in 2015, an intelligent ordering

machine. By using Smart Shopkeeper, customers can use Yeahka's restaurant

management app to view menus and place orders, which helps restaurants

alleviate the pressure on their staff during the peak hours and improve their

operational efficiency. The Smart Shopkeeper has been the bestselling and the

second-bestselling cash register on Tmall and Pinduoduo, respectively.

In March 2020, Yeahka launched Juhuisaosao, the Company's proprietary smart

payment speaker application, which supports a wide variety of payment methods.

The app enables voice reminders to merchants when new payments arrive, thus

minimizing the likelihood of missed or lost orders during business rush hours.

Juhuisaosao also enables merchants to gain additional insights into their business

performance through analysis of transaction data gathered within the app.

In the same month, Yeahka launched Yuehuiquan, a coupon aggregation platform

which enables merchants to build their customer base for private marketing,

through the creation, distribution, receipt and sharing of coupons to acquire

customers. It helps merchants to maintain customer relationships, while

providing customers a platform to acquire coupons, achieving a win-win

situation for all parties.

Continuous investment in tech innovations to build a new smart payment ecosystem

Throughout the development of Yeahka in recent years, with the aim of creating

a smart payment ecosystem, Yeahka has been investing to upgrade its technology

through strategic investments in RYK Capital Partners and developing products

for SaaS and sales services across its own platforms. Looking ahead, Yeahka

will further increase its strategic investments in upstream and downstream

business sectors, as well as in basic technologies and core product upgrades.

Yeahka will also explore comprehensive scenario-specific functionalities for

mobile payments and smart marketing services by leveraging technological

innovations in AI and cloud computing. This will improve the Company's ability

to offer premium customized services, while creating tangible value for

merchants and consumers. By leveraging its strong technological innovation and

risk management capabilities, the Company will continue to develop and build a

sustainable and trusted technology platform.

About YEAHKA LIMITED (9923.HK)

YEAHKA LIMITED ("Yeahka" or the "Company") is a leading payment-based

technology platform in China providing payment and business services to

merchants and consumers. As of December 31, 2019, Yeahka was one of the only 16

payment service providers that were granted both the national bank card

acquiring license and mobile phone payment license. The Company has one of the

largest third-party payment service customer bases in China, and it is growing

rapidly. According to Oliver Wyman, Inc., Yeahka is the second largest non-bank

independent QR code payment service provider in China, with approximately 14.0%

market share in terms of transaction count in 2019. Leveraging the customer

base and data assets acquired from payment services, the Company has extended

its product and service offerings to technology-enabled business services,

which have enabled the Company to complete an end-to-end ecosystem which

facilitates transactions between merchants and consumers and creates value for

merchants and consumers.

SOURCE  Yeahka