iFeng Finance, 8/10/17
Hangzhou-based Enniu Network Technology, operator of credit card management mobile app 51 Xinyongka Guanjia (U51.com), recently announced that it will partner with Harvest Capital Management to launch the third tranche of its industry investment fund focusing on such aspects of the online financial technology industry as data, assets, and traffic, as well as other promising areas. The third tranche of investment is valued at RMB 1 bln.
The first tranche of the fund was completed by U51.com in partnership with Zhejiang-based Funcity Capital, while the second tranche was done in partnership with Hangzhou-based Incapital. The company has invested in 15 enterprises so far, including securities accounting and financial big data firms.