Searching for "PPDai"
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Online long-term apartment rental platform operator Mofang Apartment Management has received an additional USD 200 mln in funding from Warburg Pincus, who previously invested USD 60 mln in Series B financing. Read More
An industry source has revealed that Alibaba Financial, the small and medium enterprise (SME) loan arm of Chinese e-commerce conglomerate Alibaba Group, plans to enter the P2P market through a strategic investment of approximately USD 35 mln in P2P lending platform PPDai, operated by Shanghai Paipaidai Financial Information Service Co., Ltd. PPDai loan services include an e-commerce division, providing e-commerce-focused loans for merchants on Alibaba's C2C & B2C e-commerce site Taobao. Read More