LED products maker Hongli Opto-Electronic provided the series B funding, which followed the $10m invested by IDG Capital Partners last year.
China-based peer-to-peer lending platform Wanglibao has raised $40m in series B funding from LED products manufacturer Hongli Opto-Electronic.
A subsidiary of private equity and investment banking firm Wangli Finance Group, Wanglibao operates an online marketplace that provides financial services for small to medium-sized enterprises,
The company and also sells financial products including wealth management products, trust products, and mutual funds to public investors.
The company raised $10m in a February 2014 series A round led by IDG Capital Partners, the…
