Wednesday, June 19, 2024 - Login sheds stake

China online sports lottery service provider, has announced it has disposed of its equity interest in, a third-party payment service provider in China.

According to a recent filing, the sports lottery company disposed of its 63 percent equity interest in, also known as Zhejiang Shangmeng Technology Limited Company.

In November last year, agreed to invest in the payment service provider for a cash consideration of approximately $35.6 million in order to “reduce costs related to third-party payment transactions on its platform.”

The company did not provide a reason for its disposal of shares.



Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief