GIC among in­vestors for China P2P firm

New Straits Times - - Business -

Peer-to-peer (P2P) lend­ing plat­form Dian­rong has raised US$220 mil­lion (RM942 mil­lion) from Sin­ga­pore’s GIC Pte Ltd and other in­vestors to fund re­search and de­vel­op­ment (R&D) in China and po­ten­tial ven­tures else­where in Asia. Other in­vestors in­cluded CMIG Leas­ing, a unit of China Min­sheng In­vest­ment Group, and South Korean fund man­ager Simone In­vest­ment Man­agers. The funds will be used to au­to­mate some of its new branches across China, for R&D and po­ten­tial ac­qui­si­tions.

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