Chinese P2P (peer-to-peer) lending start-up Duanrong has completed RMB390 million (US$59 million) series B round of financing from pharmaceutical company Furen Group, according to announcements (in Chinese) posted on the company's Weibo account. The found values the 18-month-old start-up at RMB1 billion (US$153 million) post-money. Furen Group will become the largest shareholder of the company, […]

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