JD Capital invests in China online finance site 91Wutong
China-focused PE fund manager JD Capital, Tongxin Securities Direct Investment and Shenzhen Jidi Xintian Venture Capital have invested in a Series A round of funding for 91Wutong, a Chinese online finance platform.
Financial terms were undisclosed but the investment amounted to tens of millions of dollars, local media reported. Launched in June, 91Wutong was founded by Ken Chen, formerly an executive in Noah Wealth...
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