LONDON, October 22, 2015 /PRNewswire/ -- The 6th China-UK Internet Forum kicked off at the BIS Conference Center in London. More than 200 delegates from the Cyberspace Administration of China, UK Department for Culture Media & Sport, and the business delegation of Chinese President Xi's state visit to UK attended the event. The participants had in-depth exchanges of topics on commercial ties of digital economy and children's online protection and other common concerns. As a representative of Chinese internet financial companies, Taoran Sun, President of Lakala, delivered a speech about the innovative approaches of internet finance and shared his multiple successful entrepreneurial experiences.
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Mr. Taoran Sun described his personal experience as a typical Chinese Dream.
"Story one: ten years ago, BlueFocus, a PR company that I co-founded, was a takeover target by another PR giant. In only a decade, BlueFocus acquired that company instead and became the world's 6th largest media group in terms of market value.
"Story two: Lakala, through consistent efforts on reform and innovation in the past decade, has grown from a start-up to be one of the top-class internet financial groups.
"Story three is about me and my family, who lived in countryside for generations until my parents moved to the city to gain access to higher education. I chose to stay in Beijing to start my career after graduation from Peking University. I successfully founded 6 enterprises in the past 24 years and expanded into the international market. These are the real stories which would only happen in today's China, where you reap what you sow. That's the Chinese Dream," said Mr. Sun.
Lakala Group is a pioneer comprehensive internet financial group in China, whose business covers the sectors of Payment, Credit Checking, Credits, Financial Management, and Equity-based Crowd-funding, among others. The annual transaction volume Lakala processes has reached 2.7 trillion RMB. After ten years' development, Lakala now owns over 4 million corporate clients and 100 million individual customers. There are over half a million Lakala self-service payment terminals in the community convenience stores in over 300 cities across China. Everyday, these terminals give over 4 million people more convenient access to daily financial services such as utility bills payment, money transfer, credit and insurance.
Lakala constantly integrates the advantage of its advanced payment platform and the rapid progress of internet technology to construct a diversified ecosystem of internet finance. In addition, Lakala has successfully launched a series of smart payment equipments such as Mobile POS, Cloud POS and Lakala Watch, with a combined sales of 10 million units and annual transaction volume reaching 500 billion RMB.
Mr. Sun is the author of the best-selling book 36 Rules of Entrepreneurship, which has reprinted 36 times and sold over 1 million copies. It is honored as the "Bible of entrepreneurship" in China.
About Lakala
Lakala Payment Co., Ltd (hereunder referred to as "Lakala"), founded in 2005, is a hi-tech enterprise of financial services registered by Legend Holdings in Zhongshancun,Haidian District. As one of third-party payment organizations with a payment license for a full variety of products issued by the central bank, it gets dedicated to providing various convenient financial services for individuals, communities and enterprises.
With more than 3 million urban small and micro enterprises and over 100 million individual users all over China, it cooperates with 95% brands of convenience stores, covers over 80% communities and achieves an annual turnover of approximately 2.5 trillion Chinese Yuan. It has established partnerships with hundreds of financial institutions, including China UnionPay, ICBC, ABC, China Construction Bank and Bank of Communications. Thus, it has accumulated abundant mature experience in providing convenient financial services for people.
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