China Digest: PAG, Primavera lead $17m round in Dashu Finance; Fidelity backs Jiguang

100 Yuan notes are seen in this illustration picture in Beijing November 5, 2013. REUTERS/Jason Lee/Files

The latest in the deals space in China has seen investment entities PAG and Primavera Capital Group lead a $117 million funding round in online unsecured loan lender Dashu Finance, while Fidelity International backed big data service startup Jiguang in its series D round.

PAG, Primavera lead $17m round in Dashu Finance

Dashu Finance, a Shenzhen-based online lender of unsecured loans to small and micro enterprises has raised up to $17 million (RMB800 million) in its series C round led by Asian alternative investment management firm PAG and China-focused private equity firm Primavera Capital Group, the China Money Network reported.

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