IDG Capital, China Soft Capital and two other Chinese funds have invested RMB150 million (US$22 million) in Hsuanzhang, an online financial and tax services provider to small and medium enterprises in China.
Investing alongside IDG and China Soft are Jiaxing Lingchuang Fund and Chuanrong Capital. There is currently no public information available on the identity of these funds.
"Hsuanzhang aims to provide standard services on enterprise financial and tax services," said Zhang Shugang, founder of Hsuanzhang. "We will also explore the development of derivative services to our users."
Founded in 2014, Beijing-based Hsuanzhang helps companies with bookkeeping, invoic...
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