16 January 2019

Jimubox wins US$10 mln backing from Ventech China, paper says, an emerging person-to-person (P2P) online finance platform, has been given a US$10 million injection by venture capital fund Ventech China, National Business Daily reported Tuesday. Other investors have given similar infusions to Jimubox rivals and, suggesting fiercer competition and possible restructuring ahead for online finance companies, according to some industry insiders. Launched in August, puts lenders in touch with small firms and consumers that need finance, and has so far played a part in nearly 300 million yuan (US$49.08 million) in transactions, the report said.

– Contact HKEJ [email protected]



    EJI Weekly Newsletter

    Please click here to unsubscribe