Lakala Group preparing to list

Lakala Group, China's biggest offline payment provider, is preparing for A-stock listings.

Founded in 2005, Lakala is a member of Legend Holdings Ltd. It is also one of the earliest third-party payment providers licensed by the People's Bank of China.

Sun Taoran, chairman of Lakala Group said they wanted to be listed abroad two years ago, but considering its business is rooted in China, he finally gave up the idea of overseas listing. Sun did not reveal where the company is planning to list.

"When an enterprise develops to a mature stage, it is very natural and necessary to be listed. At present, Lakala has stepped into an adult stage, so we will be listed in the future," said Sun.

Furthermore, Lakala will launch a P2P financial platform in this April, which offers small personal loans.

In the past two years, Lakala has transformed into a comprehensive financial group, which covers payment, credit, financial management and P2P.

The annual growth rate for Lakala's business came up to more than 100 percent over the past ten years, according to Sun.