China real estate financial services player Dadao raises $29m
Shenzhen Qianhai Dadao Financial Services, a Chinese start-up that specializes in residential property financial services, has raised a RMB200 million ($29 million) Series B round led by Huaxing Capital Partners, the private equity arm of China Renaissance.
Existing backers Sequoia Capital China and PAG Asia Capital also took part in the round. Qianhai Dadao was founded in 2015 by Bo Liu, formerly head of retail business at Ping An Bank. The company develops...
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