GGV Capital Leads $50M Series B In 51Zhangdan

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Hangzhou, Zhejiang province-based credit card management mobile app maker 51Zhangdan has received US$50 million series B financing led by GGV Capital, according to the company’s Weibo account.

The round, which was closed six months ago, values the company at US$300 million.

51Zhangdan previously received series A+ and series A financing totaling US$15 million from SIG Ventures, Crystal Stream, and Meridian Capital China in late 2013.

China Money Network

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