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P2P Lending Platform Renrendai Secures $130 Million Funding Led by Trustbridge Partners

Renren Ucredit, the parent company of P2P lending service Renrendai, reportedly booked $130 million of Series A funding led by Trustbridge Partners ($65 million) and an undisclosed institution ($65 million) (source in Chinese). The angel round is raised from Honghe Venture Capital in 2010. [Update: Renren Ucredit officially announced the news on Jan. 9] Renrendai […]

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[TechCrunch Shanghai] The Big Money, Chinese Online Financial Market

Partner of ChinaGrowth Partner Wayne Shiong, Co-founder of Lending Club and Dianrong Soul Htite, CEO of Haodai Li Minshun, and Director of Financial Management Business Unit, Small and Micro Financial Services Group Zu Guoming took stage at TechCrunch Shanghai last week to discuss the latest trend of Chinese online financial market. Li Mingshun proposed three keywords for online […]

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Introducing TechCrunch Shanghai Speakers: Xu Xiaoping, Soul Htite, Ned Desmond

There’s less than one month away from our TechCrunch Shanghai event. We are putting final touches on the program. We’re delighted that we have managed to put together a speaker lineup that not only includes Chinese entrepreneurs & investors, but also western entrepreneurs that have started businesses in China or want to enter China market shortly. Xu Xiaoping […]