China Digest: U51.com gets $310m; H&Q Asia Pac leads Efficient Drivetrains round

U51.com has secured $310 million in a series C financing round, while H&Q Asia Pacific leads the initial close of series C financing round in Efficient Drivetrains Inc.

U51.com secures $310m Series C

Tiantu Capital and Shanghai-listed Chinese investment and trading firm Xinhu Zhongbao have led a $310-million series C financing round in U51.com, a credit card and online financial services mobile app, with the valuation of $1 billion.

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