Pay88 Inc. (PAYI.OB) Extends Reach to Include Financial Services through Agreement with Chongqing Kai Yuan
QualityStocks (November 10th, 2009) Writes:
Pay88 Inc. operates through its wholly owned subsidiary Chongqing Qianbao Technology Ltd as a growing digital technology company. Pay88 is a leading reseller of Internet game time in China and is primarily engaged in selling prepaid online multi-player game cards in more than 20 cities in China. The company today announced an agreement with Chongqing Kai Yuan investment Co., which will allow new clients to use Pay88’s platform for financial services, including to apply for loans online.
Chongqing Kai Yuan Investment Co. provides micro-loans to small enterprises throughout Chongqing, the third fastest-growing regional economy in China. Today’s agreement represents Pay88’s first step toward achieving its goal of becoming China’s “online supermarket of financial products and services,” by adding financial services and products to its offerings.
“Kai Yuan has a solid management structure with excellent local know-how about Chinese enterprises, the capital markets and the finance systems, and they provide valuable financial
...chairman and President, China, Chongqing, Chongqing Kai Yuan Investment Co., Chongqing Qianbao Technology Ltd, digital technology, finance systems, financial products, Financial Services, Guo Fan, internet game time, Investing Lessons, Kai Yuan, online supermarket, Pay88 Inc., Small & Micro Cap


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