EQT Partners to acquire 10% primary shares in VBill.

EQT Partners, an investment firm, agreed to acquire 10% primary shares in VBill, a third-party payment service provider in China with a focus on small and medium-sized enterprises. Financial terms were not disclosed. “We are thrilled to have EQT as our strategic partner for VBill’s next growth phase. With EQT’s global and Chinese corporate governance and service sector experience, we are well-positioned to become the go-to payment service provider for local merchants and pursue overseas expansion opportunities,” VBill SHEN Zheng, Chairman.