Core Insights - Payoneer reported a record quarterly revenue for Q3 2025, demonstrating business resilience and growth potential in a volatile macro environment [1] Financial Performance - Total transaction volume exceeded $22 billion in Q3, representing a year-on-year growth of 9% [1] - Average revenue per user (ARPU), excluding interest income, increased by 22% year-on-year, marking the fifth consecutive quarter of over 20% growth [1] - Revenue for Q3 reached $271 million, also reflecting a year-on-year growth of 9% [1] Regional Performance - In the Greater China region, Payoneer achieved approximately $91 million in revenue for Q3, with a year-on-year growth of 7%, maintaining a leading revenue scale across global markets [1] Corporate Developments - The People's Bank of China approved the renaming of "Yilian Payment Co., Ltd." to "Payoneer Payment (Guangdong) Co., Ltd.", marking the completion of the acquisition and integration of Yilian Payment [1]

Core Insights - The article highlights a visit by foreign consuls and business representatives to the cotton fields in Xinjiang, showcasing the region's significance in cotton production and its potential for international trade [1][2][3] Group 1: Visit Overview - The delegation included nearly 50 participants, such as foreign consuls, business leaders, and government officials, led by the Chinese Foreign Ministry's representative in Hong Kong [2] - The journey through southern Xinjiang revealed extensive cotton fields, which captivated the visitors and provided a vivid contrast to their expectations of the region [2] Group 2: Economic Potential - The cotton produced in Xinjiang is not only for domestic use but also exported to Central Asia and Europe, indicating the region's vital role in the global cotton supply chain [1][2] - The visitors expressed a desire to engage with local businesses and understand the trade dynamics, emphasizing the importance of grasping the local economic vitality for potential collaborations [2][3] Group 3: Perception Shift - The experience of seeing the cotton fields firsthand helped to dispel preconceived notions about Xinjiang, allowing the visitors to recognize the region's opportunities for cross-border cooperation [3] - The visit served as a starting point for promoting Xinjiang's potential to foreign partners, particularly in the context of the cotton industry's supply chain [3]

Group 1 - The core point of the article is that Tongcheng Group's subsidiary, Yilong Network, has acquired 100% of Xinxing Payment for approximately 300 million yuan, aiming to enhance its payment capabilities and capitalize on opportunities in the cross-border e-commerce and digital currency sectors [1][2] - Xinxing Payment, originally part of HNA Group, was established in 2008 and has a registered capital of 100 million yuan. It obtained a payment business license from the People's Bank of China in 2011, allowing it to operate internet payment and prepaid card issuance nationwide [1] - After merging with Zhejiang Shengju Payment Technology Co., Xinxing Payment expanded its services to include card acquiring in several provinces, with its license valid until May 2026 [1] Group 2 - Yilong Network stated that the acquisition will enable the company to benefit directly from the development opportunities in Hainan Free Trade Port, leveraging payment services to seize strategic opportunities in cross-border trade and cultural tourism consumption [2] - The company aims to support the digital upgrade of cultural tourism consumption scenarios through this acquisition [2]

Core Viewpoint - Another OTA platform, Tongcheng Group's affiliate, eLong, has entered the payment sector by acquiring 100% equity of Newborn Payment Co., Ltd, thereby obtaining a payment license [1] Group 1: Company Developments - eLong has completed the acquisition of Newborn Payment, with changes in business registration already partially updated [1] - The acquisition will allow eLong to benefit directly from the development of Hainan Free Trade Port [1] Group 2: Strategic Opportunities - eLong aims to leverage payment services as a link to seize strategic opportunities in cross-border trade and cultural tourism consumption [1] - The company plans to support the digital upgrade of cultural tourism consumption scenarios through this acquisition [1]