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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.

As Trump Blocks Deal, Chinese Investors Seek Smaller, Earlier Stage Deals Outside US

Chinese investors overseas just can’t seem to get a break. First, the Chinese government strengthened its grip on overseas deals to slow capital outflows. Now, the U.S. government under president Donald Trump appears more protectionist than ever, blocking a growing list of Chinese investments in the U.S. in the name of protecting American business and security interests.

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.

51Job To Buy 60% Stake In Online Recruitment Platform Lagou.com For $120M

Beijing-based online recruitment platform Lagou.com has signed an agreement to raise US$120 million from strategic investor 51job, Inc., a Chinese human resources service provider listed on the NASDAQ. Following the transaction, 51job will hold a 60% shares in Lagou.com, becoming its largest shareholder, according to a statement posted on 51job’s WeChat account and a release issued by 51job.

Elements Capital, WI Harper Lead $17.5M Series B Round In Chinese Biopharma Firm

XW Laboratories Inc., a Chinese biopharmaceutical research and development company focused on neurological disorders, has raised US$17.5 million in a series B financing led by Elements Capital and WI Harper. New investo KTB Network, and all existing investors KPCB China, Johnson & Johnson Innovation and WuXi Venture, also participated.

Ping An Global Voyager Fund Invests In European Fintech Firm 10X Future Technologies

Ping An Global Voyager Fund, a US$1 billion overseas investment fund launched by Ping An Insurance Group Co of China Ltd, has made its first investment in European fintech company 10x Future Technologies. Ping An Global Voyager Fund and strategy consultancy Oliver Wyman led a £34 million (US$40 million) series A round in 10x Future, which is founded by former Barclays CEO Antony Jenkins and focuses on providing holistic technology solutions to banks. “10x Future Technologies and Ping An share …