CDB Capital leads $42m round for China fintech firm Wacai
CDB Capital, the fund management arm of China Development Bank, has led a $42 million round for Wacai, a Chinese finance management mobile app developer.
China Broadband Capital, New Horizon Capital, Qiming Venture Partners and Ally Bridge Group also participated in the round. Set up in 2009, Hangzhou-based Wacai initially launched several mobile apps...
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