JimuBox (Jimu means building block in Chinese), an online peer-to-peer lending service, announced today it has raised US$37.19 million in Series B funding led by Xiaomi Corporation, the Chinese smart device and Internet service company, and Shunwei China Internet Fund, a venture capital fund co-founded by Xiaomi CEO and co-founder Lei Jun.

Other investors joining this round include Matrix Partners China, Vertex Venture Holdings Ltd (Vertex Group), Magic Stone Alternative Investments and existing investor Ventech China. Jimu Box announced some US$10 million in Series A funding from Ventech China in February this year.

JimuBox, launched in August 2013, is founded by Peng Xiaomei, former COO at travel search Qunar, Dong Jun, Wei Wei and Barry Freeman. The service is available on its website, iOS and Android.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com