IDG Capital Partners and SIG Asia Investment Participate in a Funding Round for (Asia)

Source:, Asian Venture Capital Journal | Author(s): Winnie Liu, a China-based online finance platform, has raised $110 million in a round of funding. Investors in the round included China-focused venture capital firm IDG Capital Partners; SIG Asia Investment, the venture capital and private equity arm of the Susquehanna International Group; China-based financial services holding company Ping An Insurance; Tsinghua University's joint ventures Incorp Capital and Union Fortune; fund manager Grandis Capital and a series of angel investors. The company will use the new investment for improving credit assessment, upgrading supply chains and recruiting additional staff.