Sina invests $30m in Chinese fintech player Shuhe
Shuhe Technology, a Chinese consumer financial services start-up that provides installment repayment plans for credit card holders, has raised $30 million in Series B funding from Sina, a local internet company that operates microblogging site Weibo.
“This new round of funding will help us expand our coverage of credit card holders in China and also enhance our risk control and technological capabilities,” said Zhigang Xu, CEO of Shuhe. The company...
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