Hangzhou-based Chinese personal finance bookkeeping and management app maker Wacai has received about $15 million investmen led by Qiming Venture Partners, according to Chinese media reports. Existing investors IDG Capital and CDH Investments also participated in the investment. Previously, Wacai obtained angel investment of around RMB10 million ($1.6 million) from Ameba Capital in 2011. The […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.