IDG invests in Chinese personal finance app developer
IDG Capital Partners has provided a Series A round of funding for Hangzhou Wacai Science, a Chinese personal finance management mobile app developer. Terms of transaction was undisclosed but the investment was said to be more than $10 million.
The site received RMB10 million ($1.6 million) in seed investment from Amoeba Capital two years ago, according to AVCJ Research. Wacai has developed two mobile apps use by more than 40 million people...
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