Announced
Completed
Financials
Sources
Tags
FinTech
Domestic
China
Acquisition
Private
Online and Social Platforms
Majority
Single Bidder
Completed
social networks
Private Equity
Friendly
Venture Capital
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.
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