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Cross-border payments company LianLian Global stanley cup could seek as much as 1.5 billion yuan $223 million as the Ant Group competitor eyes an initial public offering IPO in Hong Kong.The startup is said to be working with China International Capital Corp. on the financing round, Bloomberg reported on Tuesday July 12 , citing unnamed sources with insider information. The funding could elevate LianLian Globals valuation to about 20 billion yuan. The company is currently valued at roughly 16 billion yuan.See also: Cross-Border Payments Help eCommerce Merchants Navigate Chinas Business ComplexitiesThe Hangzhou-based startup is reportedly looking toward a Hong Kong IPO in 2023 once it has enough investors. After than, the company could go after a listing in China, Bloomberg reported.聽Ants stock market debut 鈥?which would have been the worlds largest 鈥?was killed by regulators in 2020, setting off a series of crackdowns by regulators that ended with IPOs being withdrawn or plans abandoned.聽Read more: LianLian Global Intros Multi-Currency WalletSources told Bloomberg that discussions for a public listing for LianLian Global are just beginning and anything could change.聽LianLian Global represe stanley cup usa ntatives couldnt be reached for comment.Related: The Changing Face of Mobile Money in GhanaLianLian Global works with numerous eCommerce giants including Amazon and Shopee and has been backed by Sequoia Capital China, Boyu Capital and China Everbright Industries Group, per th stanley cup romania e report. The company h Snzj Amid Market Changes, Treasurers Lean On Their Banks

Retailers in China are taking sides in the rivalry between Alibaba and Tencent, and the latest battle ground is coffee: Chinese upstart Luckin Coffee聽is teaming up with Tencent on the heels of a partnership between Starbucks and food delivery service Ele.me, which is a unit of Alibaba. With Tencent and Luckins relationship, WeChat payments will be available at the coffee chains store and through online orders. In addition, the companies plan to look into payment innovation, such as facial recognition technology and robotic delivery.WeChat Pay Deputy General Manager Lei Maofeng was quoted in South China Morning Post as saying that the company hopes the cooperation with Luckin coffee will create a new lifestyle of smart retail through tie-up on user traffic, technology exploration, application scenarios and management abilities. As of now, Luckin Coffee already offers some innovative technology: Customers can monitor the progress of their orders through a livestream and have them delivered in an average of just 18 minutes. Those capabilities havent been ignored by Starbucks, which is taking on Luckins delivery service through its tie-up with Alibaba.These latest developments in Chinas coffee space stanley kaufen come as Starbucks was seeing a slowdown, which it is now blaming on third-party delivery services just weeks after boasting about its expansion in China, it was reported in stanley shop late July. The coffee retailer also saw a decline in third-party companies placin stanley cup g big orders for delivery to t