China: GGV Capital-backed 51 Credit Card raises $119m in HK IPO

China: GGV Capital-backed 51 Credit Card raises $119m in HK IPO

A credit card user displays her cards in Washington February 22, 2010. REUTERS/Kevin Lamarque

Chinese online credit card management firm 51 Credit Card Inc has raised approximately HK$931.4 million ($119 million) in its Hong Kong IPO, according to a filing on the Hong Kong exchange.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter