Government funds back Chinese P2P platform Huaguo
The government-backed Blue Economy Zone Industry Fund (Blue Fund) and Capital Science and Technology Group, the private equity arm of the Beijing local government, have led a Series A round of funding for Chinese peer-to-peer (P2P) lending platform Huaguo Finance.
The size of the investment was not disclosed. Launched in January this year, Huaguo provides a platform which connects individual and small business borrowers with small-scale lenders. Third-party institutions...
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