Dianrong, China’s leading P2P loan service, announced that it has secured new financing from Tiger Global. The specific investment was not disclosed but it was reported to be between tens to hundreds of million of dollars. The funds will be invested in technology development and team construction, according to company co-founder and CEO Guo Yuhang.

The platform had just received funding from Sun Hun Kai & Co. Ltd. three months earlier, while other existing investors include ZJ Capital and Northern Light.

Shanghai-based Dianrong is a P2P lending platform for small and medium loans founded by Soul Htite, the co-founder and former technology head of the newly-listed U.S. counterpart Lending Club.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.