IDG, CreditEase target online finance
CreditEase, the largest peer-to-peer (P2P) lender in China, has introduced a new twist to its relationship with IDG Capital Partners. Two-and-a-half years after becoming an IDG portfolio company, CreditEase has become a principal investor in an IDG-managed microcredit fund, which will back financial services start-ups.
"CreditEase is actively looking for investment opportunities in early-stage financial innovative firms as they believe it will be the next big trend. That's also what we believed in years ago when we invested...
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