BEIJING, Dec. 9 /PRNewswire-Asia/ -- YeePay, a leading provider of integrated e-payment services in China, has won the prestigious Red Herring 100 Asia Award that honors the most innovative and promising technology companies based in Asia. The Red Herring 100 award-winners were announced at the Red Herring Asia event in Hong Kong on December 3, 2008.
(Logo: http://www.prnasia.com/sa/200704052051.jpg )
The winners were selected from more than 1,000 companies based in 16 countries including China, India, Japan, Korea, Singapore, Vietnam and Australia. To determine the winners, Red Herring’s editorial board rigorously evaluated the nominees on multiple criteria including financial performance, technology innovation, quality of management, and execution of strategy. "Our winners and Finalists demonstrate that Asia is increasingly becoming a leader in innovation, contrary to common stereotypes," said Joel Dreyfuss,
editor-in-chief of Red Herring." It was tough to choose just the top 100 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists."
Bin Tang, YeePay’s CEO, welcomed the news saying "We are honored to have won the Red Herring 100 Asia Award, which recognizes our success in transforming the e-payment market in China with technology innovation. Payment is the cornerstone of e-commerce and we believe this market will have long-term growth potential."
e-Payment is one of the fastest growing markets in China. In 2007, the total transaction volume of third party payments in China reached 100B RMB ($14.7B). In Q3 2008 alone, the total transaction volume reached 72B RMB ($10.6B), a 181.6% increase over the same period last year. By the end of September 2008, there have been over 1.7B domestic bank cards issued by various banks in China. YeePay is the first company to provide a total solution that integrates both online and offline payments, enabling consumers and businesses to send and receive payments over the Internet, mobile and telephone securely, conveniently and cost effectively.
YeePay has received many awards since launching its e-payment service in early 2005, including China Top 100 Business Website Award (by China Business Internet Summit), Best Payment Platform Award (by China eCommerce Association), China Internet 100 and Top Innovator Award (by China Internet Society). In 2006, YeePay was also nominated for Wall Street Journal’s Asian Innovation Award.
About YeePay
YeePay is a leading e-payment service provider in China, with a mission to provide better e-payment solutions and value-added financial services through technology and innovation. Headquartered in Beijing, China, YeePay also has established branch offices in Shanghai, Chengdu, Guangzhou and Shenzhen. YeePay’s innovative solutions enable consumers and businesses to send and receive payments over the Internet, mobile and telephone securely, conveniently and cost effectively. YeePay’s customers include leading Internet companies and ecommerce websites as well as merchants in traditional industries, such as Baidu, Sohu, EachNet (eBay China), TOM, Skype, Shanda, The 9, KingSoft, DangDang, Shenzhen Airlines and China Unicom. For more information about YeePay, please visit http://www.yeepay.com .
About Red Herring
Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available at http://www.redherring.com .
For more information, please contact:
Media Contact:
Chen Yu
YeePay.com
Tel: +86-10-6561-0168 x136
Fax: +86-10-6561-0167
Cell: +86-137 0111 0519
Email: cyu@yeepay.com
