Howbuy.com Receives Series B Funding From Tencent And Legend Capital


Shanghai-based Chinese third-party investment product online sales platform Howbuy.com says the company has received series B funding from Tencent Industry Collaboration Fund.

The specific amount and valuation of the investment were not disclosed.

Howbuy.com received series A funding from Legend Capital in 2012. Legend Capital also participated in the latest round.

Founded in 2007, Howbuy.com provides information and platforms for Chinese investors to purchase investment products such as mutual funds, trusts, sunshine private equity funds, private equity and venture funds.

Tencent Industry Collaboration Fund is established in 2011 by Chinese Internet portal service Tencent Inc. The fund’s target size was RMB5 billion ($833 million) at the time.

 
China Expert network

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