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Fintech News

Fintech News 
August 20, 2019

Fresh Capital Leads $20M Series B Round In Chinese Social E-commerce Start-up

Chinese social e-commerce platform Wanwu Xinxuan has raised US$20 million in a series B round of financing led by the country’s consumer sector-focused venture capital firm Fresh Capital, shows information updated on Chinese business data provider Tian…

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Fintech News 
August 19, 2019

Chinese NPL Investment Firm Goes Bust With Billions At Stake, Executives Arrested

In a sign of the challenges facing the distressed debt market in China, a Chinese investment firm in the non-performing loans market is in deep financial distress with billions of its asset-under-management in danger of significant losses. Its executiv…

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Fintech News 
August 19, 2019

Tencent Leads $28M Series B Round In Chinese Wealth Management Start-up Xiaobangguihua

Xiaobangguihua, a Beijing-based wealth management consulting service provider, has raised RMB200 million (US$28.4 million) in a series B round of financing from Chinese tech giant Tencent Holdings, according to a statement released on Monday.
(more&he…

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Fintech News 
August 17, 2019

Chinese X-Ray Imaging Solutions Provider XpectVision Closes Nearly $14M Series B Round

Chinese X-ray imaging solutions provider XpectVision Technology has raised nearly 100 million (US$14.22 million) in a series B round of financing led by the country’s venture capital firm Shenzhen Time Bole Venture Capital Investment.
(more&hell…

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Fintech News 
August 17, 2019

Sequoia, Eastern Bell Co-Lead $42M Series C Round In Chinese CRO Service Provider

Yaoyanshe, a Chinese clinical research organization (CRO) service provider, has raised RMB300 million (US$42.61 million) in a series C round of financing led by Chinese venture capital firm Eastern Bell Capital and Sequoia Capital China.
(more……

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Fintech News 
August 17, 2019

Chinese Investors Back Indian Social Networking Platform ShareChat In $100M Series D Round

ShareChat, an Indian regional language social networking platform, announced on Friday that it has raised US$100 million in a series D round of financing led by Twitter.
(more…)
Chinese Investors Back Indian Social Networking Platform ShareChat…

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Fintech News 
August 15, 2019

China’s Forebright Capital Leads $30M Series B Round In Cloud Networking Start-Up

Zenlayer, a Los Angeles and Shanghai-based software-defined network and cloud services provider, announced on Thursday that it has raised US$30 million in a series B round of financing led by Chinese private equity firm Forebright Capital.
(more&helli…

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Fintech News 
August 14, 2019

DealShot: 12 Deals Reaching $95 Million With Ant Financial, Sequoia, Delta Capital And Many Others

China Money Network’s DealShot provides detailed information on venture capital and private equity deals in China on a daily basis.
Here you can find out where Chinese investors have been investing their money each workday.
(more…)
DealSh…

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Fintech News 
August 14, 2019

Chinese Fintech Solution Provider Fudata.cn Raises Nearly $14M In Series Pre-B Round

Chinese fintech solution provider Fudata.cn has raised nearly RMB100 million (US$14.25 million) in a series pre-B round of financing, the company announced on its website on Wednesday.
(more…)
Chinese Fintech Solution Provider Fudata.cn Raises…

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Fintech News 
August 14, 2019

Ant Financial Leads Nearly $40M Series A Round In Chinese ETC-Focused Data Start-Up

Xinlian Payment, a Chinese big data platform offering electronic toll collection (ETC) devices, announced on Tuesday that it has raised RMB280 million (US$39.92 million) in a series A round of financing led by Chinese fintech titan Ant Financial.
(mo…

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