LIANLIAN (02598) surged nearly 5%, reaching HK$8.43 by the time of writing, with a trading volume of HK$20.91 million. The uptick follows the company's participation in the 8th China International Import Expo (CIIE), where its subsidiary LianLian International unveiled a comprehensive cross-border payment solution aimed at enhancing global trade efficiency.
To address challenges faced by overseas merchants sourcing goods from China, LianLian International partnered with LooperBuy and 1688.com. Leveraging its global payment network, the collaboration enables LooperBuy's overseas merchants to pay suppliers in their local currencies, streamlining procurement processes.
The newly introduced global sourcing solution caters to diverse buyer segments, including e-commerce platforms, dropshippers, and offline retailers. It offers end-to-end services—from product sourcing and order placement to foreign currency payments, logistics, and after-sales support—effectively resolving B2B procurement pain points for international businesses.