E-commerce is a rapidly growing and emerging sector for Wanda Group. It includes two businesses: Wanda E-commerce and 99bill.
Wanda Group's 99bill is China's fourth largest independent third-party payment platform. It booked total transactions of 2 trillion yuan in 2014. Wanda aims to put 99bill front and center as it forges a complete value chain for online finance, ultimately building 99bill into a leading player in China's internet finance space.
A leading comprehensive platform 99bill offers a broad portfolio of products and services spanning offline, online, mobile, cross-border and other areas. It provides all-round electronic payment solutions for sectors like retail, insurance, business travel, and e-commerce.Leading market position
Leading market position With its advanced integrated electronic payment solutions and payment overlay strategy, 99bill has emerged as a nationally leading provider of enterprise financial services.Unique business model
Unique business model 99bill uses a B2B2C model whereby the company's enterprise clients serve as intermediaries between individual users. This works to boost the efficiency of enterprise financial services and lowers the barriers to entry for companies providing their own financial services.
Complete set of payment licenses Compared to other third-party payment companies, 99bill has a very complete set of operational licenses, including licenses for bank card acquiring, internet payments, mobile payments, landline telephone payments, television payments and prepaid card acceptance. It has also secured approvals for foreign exchange payments for cross-border e-commerce and cross-border RMB payments.Large customer base and extensive partner
Large customer base and extensive partner network 99bill cooperates with over 200 financial institutions and has 3.6 million enterprise partners.