WeLab Secures $25M Credit Line From Existing Investor ING Bank

rmb-copy-2WeLab, a Hong Kong and Shenzhen-based online lending start-up backed by Malaysia's state fund Khazanah Nasional, has secured a credit line of US$25 million from ING Bank, an existing investor in the company. The credit line will provide lending capital for WeLab’s Hong Kong business and enable it to meet growing demand for loans in […]


Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Read the original article: China Money Network