China’s Sina invests $30m in fintech firm Shuhe Technology – Deal Street Asia
What happened: Shanghai-based fintech firm Shuhe Technology has raised $30 million in a Series B from Chinese internet giant Sina Corp. Shuhe provides consumer financial services such as installment repayment plans for credit card holders. Sina said it decided to invest in the fintech company after witnessing strong growth in the market for such services.
The investment will finance enhanced operational efficiency and improved credit card services, according to Shuhe. The two companies will collaborate in various areas including data, traffic, technology, and products.
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.