Rong360 prepares for domestic IPO
Print Edition
RONG360.COM, an online finance service platform, is preparing for a domestic initial public offering, the Beijing-based firm said yesterday in Shanghai.
“We are now evaluating the IPO locations and methods. The domestic market is attractive to all Chinese Internet firms with capital and liquidity,” said David Ye, co-founder and chief executive of Rong360.
After raising US$70 million in August in a third round of financing, Rong360 plans to carry out another round of fundraising this year before launching the IPO.
Chinese Internet firms with foreign investment, including Rong360 and Alibaba’s Ant Financial Services, are seeking domestic IPO opportunities.
Rong360 hopes to list in Shanghai, Ye said, adding that the Chinese securities regulator has invited his company and Ant Financial Services to issue domestic IPOs.
Rong360 yesterday launched a new risk control system that helps consumers get loans of no more than 50,000 yuan (US$8,062) as soon as within one day.
Rong360 aims to open 100 offline finance outlets nationwide offering consumer loan consulting services in the near future, up from 20 now.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
