Investment-focused online community Snowball Finance has raised series D funding from Ant Financial that will support hiring and product development.
Snowball Finance, the China-based, investment-focused social network also known as Xueqiu, has received $120m in a series D round featuring financial services provider Ant Financial, 36Kr reported today.
Founded in 2010, Snowball began by assessing company valuations but now focuses on running an online platform known as Xueqiu that provides information on investment instruments such as wealth management, equity investments, insurance and real estate.
The platform has some 12 million monthly active users which communicate with each other and pool…
