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A First for Asian FinTech: One of the Largest Ever Series B Rounds with Both Public and Private Investors

WeLab, operator of Wolaidai, one of China’s largest mobile lending platforms, and WeLend.hk, Hong Kong’s leading online lending platform, announced a US$160 million (RMB 1 billion) fundraising round from a never-seen-before combination of international and domestic Chinese investors (banks and government) led by Khazanah Nasional Berhad. Other investors include ING Bank and state-owned Guangdong Technology Financial Group (GTFG).

The funding round represents the first ever fundr ...

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