# TONG TONG PAY

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tong-tong-pay

- Headquarters: Hangzhou, China
- Latest round: Series B (Mar 13, 2026)
- Investors on record: 1

## About

Based in Hangzhou, China and founded in 2009, Zhejiang Shangmeng Technology Co., Ltd., trading as TONG TONG PAY,  is a high-tech enterprise dedicated to technological innovation and investment in the technology sector. In March 2026, TONG TONG PAY raised Series B+ funding from Fosun International.

The company focuses on developing and providing payment clearing systems for financial institutions, third-party payment institutions, and e-commerce companies. It wholly owns Tongtongpay, a well-known third-party payment institution in China. 
The company generates revenue by providing account-managed payment products.

## Funding rounds

- Series B, Mar 13, 2026 — Fosun International

## Investors

- Fosun International (https://capitalatlas.ai/funds/fosun-international) — Series B