Chinese Social Finance Site Gains USD40 Million Investment

News Source:, a Chinese social investment website, has completed its third round of financing of USD40 million with investors including and Morningside Ventures.

Xueqiu's products include its website and an application for smart devices. Officially launched in November 2011, Xueqiu has been providing data inquiries, information, and interactive communications services to Chinese investors. Its services cover various categories such as stocks, funds, and bonds. Prior to this, the company already gained investments from Sequoia Capital and Morningside Ventures.

Commenting on the investment, Chen Yizhou, chairman and chief executive officer of Renren group, said that the most important thing about Internet finance and investment is quality users with investment judgment and Xueqiu has such users. The reason for investing in Xueqiu is th...

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