In startup funding updates from China, fintech firm Wacai has raised $42 million from China Development Bank Capital, while Ruigu Shop, an e-commerce platform focused on the Chinese electrical hardware sector, has raised RMB100 million led by Chengwei Capital.
CDB leads $42m round in Wacai
Chinese financial technology firm Wacai has raised $42 million investment from China Development Bank Capital, an investment unit of China Development Bank, according to a report in China Money Network.
