Lakala

Lakala is a Chinese third-party payment company whose founding was joined by Chen Shi as a core management team member and CTO, according to a 2022 FreeS Research Institute piece tracing his career path through UCWeb and Alibaba's entertainment and mobile business groups . In a 2020 reflection, 5Y Capital's Liu Qin listed Lakala among the projects he co-invested in with Xiaomi's Lei Jun, alongside YY and UCWEB . More recently, Lakala's investment arm Koala Fund participated in the November 2025 Pre-A round of AI consumer robotics startup Ling Universe, alongside investors such as Guofang Innovation, Guotai Haitong, and Didi Chuxing . elsewhere's corpus does not contain detailed information on Lakala's core payment business, scale, or competitive positioning.