Yeahka Announces 2024 Annual Results

AI applications empowered product ecosystemStellar growth overseas across AsiaMore robust business models with enhanced profitability

HONG KONG, March 27, 2025 /PRNewswire/ -- Yeahka Limited ("Yeahka" or the "Company," Stock Code: 9923.HK), a leading payment and digital commerce technology platform in Asia, is pleased to announce its annual results for the year ended December 31, 2024 (the "year" or the "2024").

Business and Financial Summary

Focusing in recent years on in-depth and extensive application of generative AI technology, and have achieved remarkable results in reducing costs, increasing efficiency and generating revenue for the Company and our customers. Fushi Technology, our investee company, launched the first AI Agent industry solution for merchants in Southeast Asia;

Overseas business transaction volume exceeded RMB1.1 billion in 2024, a nearly five-fold year-on-year increase, with expanded business footprint in more Asian countries such as Japan and Singapore;

Our one-stop payment services continued to lead the industry, with peak number of daily transactions reaching nearly 60 million;

Against the industry backdrop of decrease in average transaction value per customer, our gross payment volume (GPV) in 2024 was RMB2,335.5 billion, representing a decrease of 19.0% compared to 2023;

Our payment fee rate for 2024 was 11.9 basis points (bps), maintaining our commercialization capabilities in line with industry trends;

Revenue for 2024 was RMB3,086.7 million, representing ...