Sina Establishes $500mn Fund to Invest in Chinese Fintechs

China’s internet giant Sina has established a $500 million fund (Online Finance Fund) to invest in Chinese fintech companies that sell wealth management products and insurance services; the fund will cooperate with startups as well as established financial institutions, such as banks and insurance companies, Sina CEO Cao Guofeng says. Source (Chinese)

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments