Founded in 2005 and headquartered in Shanghai, 99Bill is an independent third-party payment company that acquired a third-party payment license issued by the People’s Bank of China in May 2011. The license allows it to operate online payments, mobile payments, landline payments, prepaid cards processing and acquiring services. In addition, 99Bill also obtained the license to manage funds. 99Bill focuses on providing liquid fund management solutions for companies and it closely integrates online business with offline business. 99Bill has a competitive edge in the insurance, retail chain and direct selling segments.