Beijing-based Qufenqi.com, an e-commerce start-up providing installment payment solutions to young Chinese consumers, has completed a new round of financing round in RMB, according to an internal letter sent to staff by the company's founder reported by Chinese media. The company has also dismantled its variable interest entity (VIE) structure in preparation for an initial […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.