Broadband, CICC Lead $50M Series B Round In Bookkeeping App Wacai

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Hangzhou-based Chinese personal finance bookkeeping and management app maker Wacai has received US$50 million series B financing led by China Broadband Capital and China International Capital Corporation (CICC), according to its official Weibo account.

Existing investors IDC Capital, CDH Investments and Qiming Venture Partners also participated.

Founded in 2009, Wacai received angel investment of approximately RMB10 million ($1.6 million) from Ameba Capital in 2011.

China Money Network

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