Date
12 December 2017

Star-net unit, Alipay in KTV online payment deal, filing says

Fujian Star-net Communication Co. Ltd.(002396.CN), a company that is mainly involved in research, development, production and sale of network communication system equipment, said on Thursday that its unit Fujian Star-net eVideo Information Systems Co. Ltd. has signed a cooperation agreement with Alipay.com Co. Ltd. According to a regulatory filing, Fujian Star-net will offer a platform that will allow users of its Karaoke TV system to pay through Alipay’s online payment products. In a separate filing, Star-net Communication said that it plans to form a 50-50 joint venture with developer Yango Group Co. Ltd. (000671.CN) to enter the smart-homes business, the report said.

– Contact HKEJ at [email protected]

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