PAG, Primavera lead $118m round for China's Dashu Finance
PAG Asia Capital and Primavera Capital have led a Series C round of funding worth $118 million for Dashu Finance, which provides outsourced credit services to banks looking to participate in the small loans space.
Sequoia Capital China and China Everbright also participated in the round. Sequoia has backed Dashu since its inception, investing RMB100 million ($14.7 million) for a 25% stake in 2014, according to AVCJ...
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