For Chinese lending platforms, the lack of institutional funding has driven them to utilize a myriad of promotional and gamification strategies to acquire and retain individual investors.
Both the number and size of funding activities have fell in June. Investors are more into the secured loans platforms, such as property and banker's acceptance bills.
In late April, Ant Financial completed a USD 4.5B Series B fundraising round based on a USD 60B valuation. Ten other Chinese fintech platforms, mostly focused on consumer credit and auto financing, also received investments last month.
Four fintech platforms received investment in March and they are: HDFAX.COM, Renqidai, Rongfadai and Time Value.
Three fintech platforms received investment in Febrary and they are: financial news website Wall Street News, P2P platforms MobP2P and STLC.CN.
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