IDG Invests $10M In Personal Finance Platform Wanglibao

Beijing-based Chinese online personal finance platform Inc. has received US$10 million series A financing from IDG Capital, according to information posted on Wanglibao’s website.

The investment was made in February.

Founded in 2014, provides customized personal finance services. Individual investors can purchase wealth management products, trust products and mutual funds on its online platforms.

Last December, IDG invested US$10 million in Hangzhou-based mobile financial app Tongbanjie in its series A round.

IDG invested another US$10 million in Chinese personal finance bookkeeping and management app maker last September.

China Expert network