Merchant Service Arm of UnionPay to Seek Star Market IPO
China UnionPay Merchant Services, or China UMS, has reportedly started preparing for an IPO on the Shanghai Stock Exchange's tech-heavy board -- the Star Market. It has launched a conversation with CICC, the country's top investment bank.
The company facilitates transactions within the UnionPay ecosystem countrywide. It was founded in 2002 and is based in Shanghai.
This text is a result of machine translation.
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