Hillhouse, Tencent lead Series C for China's Fenbeitong
Hillhouse Capital and Tencent Holdings have led a $92.5 million Series C round for Fenbeitong, a China-based enterprise payment and expense management software provider.
Several existing investors re-upped, among them IDG Capital, Ribbit Capital, Eight Roads Ventures, and Glade Brook Capital. Fenbeitong has now raised more than RMB1 billion ($154 million) across four funding...
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