JBH Jubao Interconnection Technology, the financial services arm of conglomerate HNA, has received $200m in funding in a round led by RRJ Capital.
JBH Jubao Interconnection Technology, an online financial services spinout of China-based conglomerate HNA Group, has raised $200m in a series A round led by private equity firm RRJ Capital, Asian Venture Capital Journal reported today.
The round included financial services provider Henan Xinrongji Financial Holding and additional China-based investors whose identities remain undisclosed.
JBH was formed by HNA in May 2014 and provides high-yield investment products to customers through an online platform.
The company has more than 12 million users…
