Gelonghui, April 7 | Recently, Hailian Jinhui issued an announcement stating that it plans to transfer its wholly-owned third-level subsidiary Linkage Advantage E-Commerce Co., Ltd. (“Tianjin Tongrong”) to Tianjin Tongrong E-Commerce Co., Ltd. (“Tianjin Tongrong” for short). The transaction price is 750 million yuan plus net assets at the delivery date. Tianjin Tongrong also holds 100% of the shares in Wuhan Hezhong Yibao Technology Co., Ltd. (“Hezhong eBao”), the license holder of Douyin Pay. After the transaction is completed, Lianhe Business will be merged by Hezhong eBao. The announcement emphasized that all of these transactions and mergers require approval from the central bank.
抖音支付将补齐线下收单业务许可，以支持生活服务等线下交易场景
Douyin Pay will supplement offline billing business licenses to support offline transaction scenarios such as lifestyle services
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