- YeePay named a Zero2IPO-China Venture 50 Company
Award Recognizes the Most Investment Worthy Companies in China
- BEIJING, October 17, 2006 - YeePay, a leading provider of innovative e-payment services based on Internet, mobile and telephone in China, announced today it has been named one of the 2006 Zero2IPO-China Venture 50 Companies. The award was presented to the winners at the Zero2IPO China Venture 50 Awards Ceremony in Shenzhen, China to recognize the hottest and most investment worthy companies in China. YeePay is the only payment company to receive this recognition.
- Zero2IPO is a leading integrated service provider in the China venture capital and private equity industries. Zero2IPO's China venture capital annual reports and annual rankings have become the most authoritative source on the China venture capital industry today. China Venture Capital Forums, organized by Zero2IPO, are one of the most influential events for key decision makers of venture capital and private equity sectors. The Zero2IPO Top 50 China Venture companies were carefully chosen by comprehensive criteria based on market potential, business model, management quality, technology innovation, strategy execution and financial data. More than 30 investment experts from the top venture capital firms including SAIF, Legend Capital, Carlye Group, IDG Ventures, Sequoia Capital China, etc., participated in the evaluation and selection process. Results from online surveys were also factored in to reflect public opinion.
- "Payment is one of the biggest unmet demands in the Chinese market. The rapid development of the Internet and banking infrastructure in China, and fast growing sectors like digital entertainment, travel and e-ticketing, are the driving forces to boost the adoption of e-payment. We believe this market will have long term growth potential. We feel honored to be the only payment provider recognized as one of the Zero2IPO China Venture 50 companies. This award is a validation of our vision and our execution." said Bin Tang, CEO of YeePay, at the Zero2IPO Awards Ceremony in Shenzhen, China.
- YeePay was funded by prestigious investors including Draper Fisher Jurvetson, Intel Capital and WR Hambrecht. Since commercial launch in early 2005, YeePay has quickly become a market leader in the e-payment space in China. YeePay's services enable merchants to process secure bank card payments. Currently there are over one billion domestic bank cards issued in China. YeePay is the first company to provide integrated multi-channel payment solutions that not only support online transactions over the Internet, but also facilitate offline payments based on mobile phone or landline, which cover a much broader user base and can be applied to a greater number of traditional businesses in China. YeePay has formed strategic partnerships with leading commercial banks in China including ICBC, China Merchant Bank, China Construction Bank and MingSheng Bank. YeePay has signed up top Internet companies and offline merchants for payment processing, including Baidu, Sohu, TOM, Shanda, KingSoft, DangDang, eLong, Shenzhen Airlines, GoMe Electronics and China Unicom.
- About YeePay
- YeePay is a leading e-payment service provider in China, with a mission to provide better e-payment solutions and value-added financial services through technology and innovation. Headquartered in Beijing, China, YeePay also has branch offices in Shanghai, Guangzhou, Chengdu and Hohhot. As the first company in China to provide a single platform integrating both online and offline electronic payments, YeePay's innovative solutions enable consumers and businesses to make and receive payments over the Internet, mobile and telephone securely, conveniently and cost effectively. YeePay has formed strategic partnerships with major banks in China. YeePay's customers include leading internet companies and ecommerce websites as well as many merchants in traditional industries, such as Baidu, Sohu, TOM Online, Shanda, KingSoft, DangDang, eLong, 800Buy, GoMe Electronics and China Unicom. YeePay was recognized as the "Best Payment Platform" by the China eCommerce Association and one of the "Top 50 Innovators" by the China Internet Society.
For more information about YeePay, please visit www.yeepay.com
