Orchid Asia completed the $120m Series E investment round in Snowball.

Synopsis

Orchid Asia, an investment group, completed the $120m Series E investment round in Snowball, a social network and information portal for investors in China. The funding proceeds from the fresh round will be allocated to upgrade its services, and also for its wealth management platform and talent recruitment.

Principals

target

Snowball Finance Information Technology Co

bidder

Orchid Asia Group Management

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Market Context

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Seller Team (1)

fang sanwen

CEO at SNOWBALL FINANCE INFORMATION TECHNOLOGY CO LTD

Manager

target

Deal

£ 89 M

Total Value

Bidder Team (1)

jipei li

Managing Director at ORCHID ASIA GROUP MANAGEMENT LLC

Investor

bidder

Deal

£ 89 M

Total Value

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