Rural-focused Chinese firm CD Finance nets $154m led by Canada’s TIP

Photographer: SeongJoon Cho /Bloomberg

CD Finance, a financial services provider with a focus on rural China, has garnered 1 billion yuan ($154 million) in an equity financing round led by Teachers’ Innovation Platform (TIP), part of Canada’s Ontario Teachers’ Pension Plan (OTPP).

The round also saw participation from ABC World Asia, a Singapore-based private equity firm established by Temasek Trust, Temasek, and Pavilion Capital in 2019.

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