Monday, May 27, 2024 - Login invests in China payment services company, a China online sports lottery company, has agreed to invest in Zhejiang Shangmeng Technology Limited Company (, which is licensed to provide third-party payment services in China.

New York Stock Exchange-listed will buy 63 percent of Sumpay for about $35.6 million in cash.

 The company said “by leveraging’s online payment capabilities, the investment will enable to reduce costs related to third-party payment transactions on its platform.” will cooperate with to help grow and diversify its online payment services business.

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