Three Reasons Why Sovereign Wealth Invested in Rong360
Pavilion Capital, a sovereign wealth enterprise of Temasek Holdings that focuses on China, led a US$ 60 million series C round of capital for Rong360, a Beijing-based online private lending search service. Other venture capital investors are Lightspeed China Partners, Kleiner, Perkins, Caufield and Byers (KPCB) and Sequoia Capital (all existing investors). The company was founded by former PayPal China general manager Ye Daqing.
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