Tik Tok completes the "last piece of puzzle" of payment license.
On the evening of April 3, listed companies(002537. SZ) announced that it intends to transfer the wholly-owned third-tier subsidiary Linkage Advantage E-Commerce Co., Ltd. (referred to as "Linkage Commerce") to Tianjin Tongrong E-Commerce Co., Ltd. (referred to as "Tianjin Tongrong"), and the transaction price is the benchmark transfer consideration of 750 million yuan+net assets at the delivery date. The announcement pointed out that the net assets of linkage business on the benchmark date were about 649 million yuan.
It is understood that Tianjin Tongrong also holds 100% equity of Wuhan Hezhong Yibao Technology Co., Ltd. (hereinafter referred to as "Hezhong Yibao"), the license subject paid by Tik Tok. After the completion of this transaction, Linked Commerce will be merged by Hezhong Yibao. The above transactions and mergers must be approved by the central bank.
According to the announcement, after the completion of this transaction, the linkage business will no longer be included in the scope of the company’s consolidated statements. Tianjin Tongrong intends to merge Linked Commerce through its wholly-owned subsidiary Wuhan Hezhong Yibao Technology Co., Ltd. after completing the equity delivery of the transferred Linked Commerce. Wuhan Hezhong Yibao Technology Co., Ltd. is the main body of the "Tik Tok Payment" license. After the completion of this transaction, it will provide support for offline trading business scenarios such as life service of Tik Tok Group.
This also means that after the completion of this transaction, Tik Tok payment will be made up.Card acquiring business license.
As the main body of the license for payment in Tik Tok, UPE had only the Internet payment business license before.
The person in charge of Tik Tok Payment told Chao News reporter that the transaction is to support offline transaction scenarios such as life service and provide users and businesses in the Tik Tok system with more convenient payment and service experience.
Card acquiring business refers to the business of acquiring cards through point-of-sale (POS) terminals.About the behavior of merchants collecting monetary funds. The most common form is offline store POS card receipt, or QR code scanning receipt. At present, all the major payment institutions in the market have both Internet payment and bank card acquiring business licenses.
According to public information, Linked Commerce was established in 2011 and obtained the second batch of Payment Business License issued by the central bank, which can engage in bank card acquiring, Internet payment and mobile phone payment services nationwide.