Renren, Morningside Ventures Invest $40M In XueQiu.Com


Beijing-based social networking platform for Chinese individual investors, XueQiu.com, has completed US$40 million series C financing led by New York Stock Exchange-listed Chinese social networking firm Renren Inc., according to Chinese media reports.

Morningside Ventures also participated.

Launched in late 2011, Xueqiu.com received RMB20 million (US$3.26 million) series A round from Sequoia Capital that year. It completed US$10 million series B financing from Morningside Ventures and Sequoia Capital in 2013.

The company says it will use the latest proceeds on improving its platform’s trading capabilities.

Xueqiu.com connects Chinese individual investors in a social networking platform where investors can exchange ideas, search for data, news and trade stocks.

 
China Expert network

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