The round is the fifth to be raised by the Kunlun-backed instalment buying platform since its launch early last year.
Kuaile Shidai, a China-based e-commerce company backed by mobile game publisher Kunlun, has raised an undisclosed amount in series E round backed by undisclosed investors, China Money Network reported today.
Kuaile Shidai sells electronic and outdoor goods on instalment plans through its Qufenqi.com website, and small loans through a sister site called Laifenqi.com. It has reportedly accumulated three million users since its launch in early 2014.
The company previously secured $100m in an April 2015 series D round in…
