GGV Capital Leads Series A+ In Yingying Licai

Hangzhou-based internet financing company LongYing Investment Management Co., Ltd. has received tens of millions U.S. dollar series A+ financing from GGV Capital, according to Chinese news report.

The company received millions of RMB angel investment in 2013. During the same year, it received millions U.S. dollars series A financing from Ceyuan Ventures.

Founded in 2013, the company has developed a mobile app Yingying Licai, offering Chinese users professional financial services.

By the end of June 2014, the company claims to have one million registered users, with transactions amount reaching RMB300 million (US$48.71 million).

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