10月9日，据媒体援引知情人士消息，Coinbase与万事达均已就收购BVNK进行深度谈判。 据报道，潜在收购价格区间在15亿至25亿美元之间，尽管谈判尚未最终敲定，但Coinbase目前在竞购中 处于领先地位。 加密货币交易所Coinbase与支付巨头万事达正就收购伦敦稳定币金融科技公司BVNK展开激烈竞购，这 笔可能高达25亿美元的交易将成为稳定币领域迄今最大规模并购案。 对于Coinbase而言，收购BVNK将进一步强化其在加密支付生态系统中的地位；而对万事达来说，此举 则代表向区块链支付技术的重要战略转型。 分析认为，无论最终花落谁家，这场竞购战都预示着稳定币基础设施将成为下一阶段金融科技竞争的核 心战场，影响未来数字支付系统的发展方向。 而如果BVNK交易最终达成，将超越Stripe收购稳定币初创公司Bridge的11亿美元交易，成为稳定币相关 领域的最大并购案。 BVNK是一家总部位于伦敦的金融科技公司，专注于构建稳定币支付基础设施，为企业提供基于区块链 的数字支付解决方案。 重塑数字支付竞争格局 这笔潜在收购突显了Coinbase和万事达等不同背景的金融巨头都在寻求通过稳定币技术扩展业务版图。 ...

智通财经APP获悉，据一位直接知情人士透露，数字支付公司Stripe Inc.的估值已攀升至1067亿美元，超 过了该公司2021年950亿美元的历史峰值。 作为长期以来最具价值的私有金融科技公司之一，Stripe今年早些时候的估值为915亿美元。与Anthropic PBC、OpenAI等企业类似，尽管估值大幅飙升，Stripe仍选择维持私有状态，这让散户投资者颇感懊 恼，他们只能在场外眼睁睁看着公司实现增长，却无法参与投资。 据Axios报道，Stripe正洽谈以1067亿美元的估值，从风险投资机构手中回购股份。目前，此次股份回购 的具体规模尚未确定，且是否向员工开放认购也不明确。有知情人士透露，相关谈判仍保持"灵活"状 态。 作为Stripe的长期投资方，红杉资本曾在去年以700亿美元估值从其自身有限合伙人手中收购了价值8.61 亿美元的Stripe股份。而从当前动态来看，尚无迹象表明Stripe计划在近期启动首次公开募股(IPO)。 除核心的直接支付业务外，Stripe近期还在稳定币技术领域展开投资布局。支付巨头Stripe与加密投资公 司Paradigm正携手孵化一个专为稳定币支付打造的新区块链项目 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of HKD 13.90, representing a potential upside of 23.6% from the current price of HKD 11.25 [1][6][14]. Core Insights - The company has demonstrated robust growth in its core business, with total revenue reaching HKD 783 million in the first half of 2025, a year-on-year increase of 26.8%. The gross margin improved to 51.8%, reflecting effective cost control and a higher proportion of high-margin business [3][9]. - The domestic payment business is steadily expanding, with total payment transaction volume reaching HKD 1.87 trillion, a 27.6% increase year-on-year. The international payment business saw a remarkable growth in total payment volume (TPV), which nearly doubled to HKD 198.5 billion, a 94.0% increase [4][10][11]. - The value-added services segment is showing synergistic effects, with total revenue of HKD 89.59 million, up 34.2% year-on-year. The company is enhancing its blockchain technology applications in cross-border payments, which could open new revenue streams [5][12][13]. Financial Performance Summary - For the fiscal years 2025 to 2027, the company is projected to achieve revenues of HKD 1.61 billion, HKD 1.96 billion, and HKD 2.37 billion, respectively, with year-on-year growth rates of 22.4%, 21.9%, and 20.8% [6][7][14]. - The net profit for 2025 is expected to reach HKD 1.53 billion, significantly boosted by the sale of equity in a joint venture with American Express [14].

Group 1 - The core point of the article is that LianLian Digital (02598) has seen a stock price increase of over 3% following the announcement of obtaining a Type 3 license from the Hong Kong Securities and Futures Commission, allowing it to conduct regulated leveraged foreign exchange trading activities in Hong Kong [1] - LianLian Digital is recognized as a leading cross-border payment service provider in China, leveraging its licensing layout and technological innovation across seven major global markets to drive business growth [1] - Future revenue growth for the company is expected to be driven by multiple factors, including the accelerated development of cross-border e-commerce, the ongoing internationalization of the Renminbi, and the widespread application of stablecoin technology in payment and fintech sectors [1]