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JD-backed Student Microloan Site Fenqile Lands $235M Funding

Fenqile, one of China’s leading student micro-loan startups, has sealed $235 million USD in funding, the company announced on Wednesday. The injection is part of a larger D series round that has not yet closed, they noted. Founded in August 2013, Fenqile lends users small sums of money for things ranging from electronics to skill training programs. The service […]

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These 4 failed directions make what ofo it is now

The best success stories often begin with failures. What we see are the hefty funding rounds, skyrocketing valuations; what we overlook are the embarrassing first efforts, setbacks and radical change of directions. Ofo, the first company bike rental company to gain unicorn status in the emerging sector, meets nearly every definition we have for a successful […]

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WeZebra: The O2O App That Will Pay Your Rent Has Just Landed An A Series

WeZebra, a payment platform that provides installment plans to home renters, has raised a series A funding in the tens of millions (RMB) led by China Renaissance K2 Ventures, followed by installment plan provider Fenqile, and joined by N5 Capital. (Chinese source) In China, rental installments are typically three to six months at a time. WeZebra found a niche market […]

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Student Micro-loan Site Qufenqi Pins Down $200M Investment Led By Alibaba

Chinese university student micro-loan site Qufenqi announced that it has secured a massive $200 USD million investment led by Ant Financial, Alibaba Group’s financial-services affiliate, with participation of current investors Kalends, BlueRun Ventures and Source Code Capital. As the fifth investment received by the company, the current round would push the Qufenqi’s total funding to more than $400 […]

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JD.com Injects Strategic Investment in Chinese Micro-credit Site Fenqile

Chinese student micro-credit site Fenqile recently announced an undisclosed amount of investment from e-commerce giant JD.com. The startup has previously received angel investment from China Renaissance K2 Ventures and an A round from Matrix Partners China in early 2014. The new funding follows a massive US$100 million Series B led by DST, followed by Bertlesmann Asia Investments […]