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Pan Yue

Chinese P2P Lending Platform PPdai.com Plans $350M IPO In US

Chinese peer-to-peer lending platform PPdai.com will seek an initial public offering on the New York Stock Exchange, the company said in a filing, marking the latest Chinese financial technology company to go public. PPdai.com is currently values as a unicorn on China Money Network’s China Unicorn List with a US$2 billion valuation.

China’s Airbnb Platform Tujia.Com Raises $300M Series E Round At $1.5B Valuation

Chinese short-term vacation home rental platform Tujia.com has completed a US$300 million series E round at a valuation of over US$1.5 billion. Existing investors All-Stars Investment and Ctrip led the round, with China Renaissance’s New Economy Fund, Glade Brook Capital, and G Street Capital also participating, the firm announced today.

Happigo Buys Chinese Online Video Platform Mango TV For $1.4B

Happigo Home Shopping Co., Ltd., a TV shopping platform listed on ChiNext, a NASDAQ-style board of the Shenzhen Stock Exchange, will acquire 100% ownership of Mango TV, an online video platform of Hunan Satellite TV, for RMB9.5 billion (US$1.4 billion), according to a stock exchange filing by Happigo.