China's Sina invests $30m in fintech firm Shuhe Technology

China's Sina invests $30m in fintech firm Shuhe Technology

Shanghai-based fintech firm Shuhe Technology has secured a $30 million Series B funding from local Internet major Sina, per a company announcement.

Sina said that it decided to invest in the fintech firm after witnessing healthy growth in the market for such services and the solid business capabilities and steady development potential of Shuhe.

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