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TONG TONG PAY develops account-managed payment products and clearing systems for financial and e-commerce organizations.
Founded in 2009 and based in Hangzhou, TONG TONG PAY develops payment clearing systems for financial institutions, third-party payment providers and e-commerce companies. It wholly owns Tongtongpay, a third-party payment institution in China. The company generates revenue from account-managed payment products. In March 2026, it raised Series B+ funding from Fosun International.
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