Rong360 financing points to ‘step for IPO’
Print Edition
ONG360.COM has received a new round of financing of more than 1 billion yuan (us$158 million), probably the last round before its initial public offering in shanghai, the online finance service platform said yesterday.
“We are now evaluating the IPo locations and methods in the domestic market. The investment is a step for the IPo,” Ye Daqing, rong360’s chief executive, said in a statement yesterday.
Rong360 aims to list in Shanghai’s coming innovation board, which is expected to debut next year. The domestic market is attractive to all chinese Internet firms with capital and liquidity, Ye added.
With the investment, s business will surge 10 times in 2017 compared with the current level, Ye added.
Rong360 aims to open 100 offline finance outlets nationwide offering consumer loan consulting services in the near future, up from 20 now.
The platform’s fourth round of financing attracted investors including government-backed sailing capital International and YF capital, whose co-founder is alibaba’s chairman Jack ma as well as sequoia and star Vc, a fund founded by film stars including Huang Xiaoming and Li Bingbing.
- 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.
