Tag: China

Beijing-based mobile lending app Yongqianbao has picked up $67m in a funding round. The round was co-led by Hong Kong-based private equity firm Golden Brick Capital Management.

Chinese early-stage venture firm Source Code Capital has reached a final close of its third US dollar fund at a $260m hard cap.

Chinese online credit evaluation platform Wecash has raised $80m in a Series C round from China Merchants Innovation Investment Management, Forebright Capital Management and SIG.

Chinese online brokerage Tiger Brokers has tacked on another $14m to its Series B round. China Growth Capital led the Series B+ round for the Beijing-based company.

The fund counts more than $1bn in total committed capital and aims to back growth-stage companies in China as well as global markets.

A bidding war seems on the cards over remittances service MoneyGram as Kansas-based electronic payments firm Euronet Worldwide attempts to swoop in on Ant Financial $880m acquisition.

China-based Dianrong has closed its Series D funding round on $220m, which was led by GIC Private Limited.

Bitcoin and blockchain infrastructure and security provider BitFury has landed $30m from Chinese financial services provider Credit China FinTech.

Chinese FinTech giant Ant Financial is acquiring US money transfer service MoneyGram in an $880m deal. Ant Financials’ core product is payments service Alipay.

Chinese used-car financing platform Chedai has raised ¥360m ($52m) in a Series B round led by Youjin Capital and Addor Capital.