Palmpay China (Holdings) Limited is a Hong Kong-based investment holding company. It is engaged in the provision of mobile payment gateway services and mobile value-added services. The Company has two continuing segments: the mobile payment gateway services segment providing e-payment services and the diversified mobile value-added services segment providing software development services. The Company鈥檚 subsidiaries include Upper Power Limited, Great Plan Group Limited, Victory Tech Limited, Beijing Hu Lian Hui Zhong Technology Company Limited and Beaming Investments Limited. June 2009, the Company acquired 25% interest of Media Magic Technology Limited and its subsidiaries.