Rong360, the Chinese search and recommendation service for online financial products, has announced the closure of a round exceeding 1 billion RMB ($160 million USD) in series D funding led by Sailing Capital and Jack Ma’s YF Capital, with participation from Sequoia Capital and Star VC, a venture capital co-founded by Chinese A-listers.

This round will bring the company’s total funding to more than $260 million USD, together with the $60 million USD C round$30 million USD in Series B and $7 million USD Series A. Company CEO Ye Daqing indicated that the funds were raised at a valuation of $1 billion USD.

Rong360, launched in March 2012, let users search and compare a wide variety of online financial products, including saving funds, loans, P2P loans, mortgages and credit card services, helping China’s green-handed investors to distinguish what are the best deals for them.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

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.