CITIC PE-owned online finance platforms raise $65m
Maidai Licai and China Top Credit, two Chinese online finance platforms wholly-owned by CITIC Private Equity, have raised RMB420 million ($65 million) from their parent company and other strategic investors.
CITIC PE re-upped in its subsidiary through its renminbi-denominated fund, alongside investors including AVIC Trust and Beijing Hualian Department Store. Madai Licai, formerly Teng Niu, was launched...
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