Tag: China

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.

A Chinese consortium of state-owned and private enterprises is launching a $1.44bn fintech investment fund dedicate to mergers and acquisitions in the space.

Chinese online brokerage Tiger Brokers has picked up $29m in a Series B round from Citic GoldStone Fund Management and Huagai Capital.

Chinese investment firm Huiyin Group is launching a $20m bitcoin and blockchain-focused investment subsidiary - Huiyin Blockchain Ventures (HBV)

Chinese big data FinTech company QuantGroup has raised $73m in a Series C round of funding led by Sunshine Insurance Group.

Beijing-based peer-to-peer business lender iTouzi has scored $36m in a Series B round of funding. The capital comes from Sino Fortune and individual investor is Sun Jiexiao.

Chinese credit card management app 51 Credit Card Manager has raised $84m in what’s being described as a C+ round from Harvest Capital and Yintai Group.

China Union Pay Merchant Service (China UMS) has received a $297m investment from Everbright-IDG Industrial Fund.

Investment data and research startup InnoTree has raised $15m in a Series B round led by Guangdong Poly Asset Management.