Chinese Financial Service Company WeShare Raises $90M Series B Round

Shenzhen-based financial service company WeShare has raised a US$90 million series B round led by Huaxing New Economic Fund, Loyal Valley Innovation Capital and CITIC Capital, according to a statement in Huaxing Capital’s Wechat account. Other investors including ICBC International, DT Capital Partners, BAI, Mangrove Bay Capital, CCB Trust and Welight Capital also participated in this round. Chinese tech giant Tencent also increased its holdings in the company as a strategic investor. Founded in 2017 by Zuo Lesi, a former …

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