Tiger Global, Tencent lead $59m Series C round in Chinese e-contract startup Fadada

Tiger Global, Tencent lead $59m Series C round in Chinese e-contract startup Fadada

FILE PHOTO: WeChat mascots are displayed inside Tencent office at the TIT Creativity Industry Zone in Guangzhou, China May 9, 2017. REUTERS/Bobby Yip/File Photo

New York-based investment firm Tiger Global Management and gaming giant Tencent have co-led a RMB398 million ($59.26 million) Series C financing round into Fadada, a Chinese online electronic contracts platform, according to a China Money Network report.

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