Hangzhou-based PingPong Intelligent Technology, a third-party cross-border payment company, announced that it has raised series C round from Sino Wisdom Investment and other undisclosed investors. The financial terms of the round have not been disclosed but is said to have raised about RMB700 million(US$102 million), according to Chinese media report 100EC citing industry insider. Proceed of this round will be used for the promotion and globalization of PingPong 3.0’s new seller OS operating system. Founded in 2015, PingPong provides low …

China’s Cross-Border E-Commerce Payment Platform PingPong Raises $102M Series C Round appeared first on China Money Network.