SHANGHAI, China – SmartPay Jieyin Ltd (SmartPay), a leading provider of electronic payment services in China, today announced that it entered into a binding agreement to acquire DT Intrinsic Technology Ltd (Intrinsic) subject to customary closing conditions.
Intrinsic provides billing and service management software platforms to Chinese mobile carriers through its wholly-owned subsidiaries, Shanghai Intrinsic Technology Co. Ltd. and Shanghai Intrinsic Consulting Co. Ltd. In addition, Intrinsic is a rapidly growing provider of mobile value-added WAP and 2.5G services with top-3 ranking in Guangdong and other markets through its variable-interest value-added services entities. Intrinsic also possesses a well-regarded management team led by Greg Shen, who formerly served as the managing director of operations in China for APW Ltd., a leader in supporting original equipment manufacturers in the design, manufacture and integration of telecommunications, networking, data and semiconductor manufacturing equipment.
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