P2P Financing Platform Weidai Lands RMB 100 Mln Funding
TechWeb, 6/18/14
Hangzhou-based Ruituo Technology, operator of online P2P financing platform Weidai.com.cn, has announced the receipt of RMB 100 mln in funding led by Shanda Capital, the private equity and venture capital arm of Shanda Interactive Entertainment.
Weidai.com.cn, first launched in July 2011, is an internet financial services platform specializing in automobile mortgage-backed loans. Ruituo has established offline service centers in Zhejiang, Jiangsu, Shanghai, Jiangxi, and Anhui, with plans to open 100 such service centers nationwide by the end of 2017.
Keywords: financial services Ruituo Weidai Shanda Internet automobile funding P2P
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