The company aims to expand its presence by 2X to reach 200 cities and localize experiences.
Even though the business model is the same, WeLend marketing manager Rachel Lam says Hong Kong and mainland China are two very different markets.
The round is led by All-Stars Investment, a tech fund run by ex-Morgan Stanley analyst Richard Ji.
Chinese taxi app Didi Dache revealed today that it has secured US$700 million in fresh, series D funding. This dwarfs the US$100 million it netted at the start of the year. The new investment was led ...
Youku CEO Victor Koo and OnePlus founder Pete Lau have already completed the challenge and kicked off the trend among the other Chinese tech CEOs.
The investment is led by Russia's DST Global, followed by existing investors Tiger Global, Naspers, and Iconiq Capital.
China Investment Corp (CIC), the sovereign wealth fund that has over US$410 billion in assets, is reportedly on the verge of buying up a $2 billion stake in local e-commerce giant Alibaba Group. This ...