Qudian installs Liaison Interactive as investor in $449m round

Jul 8, 2016 • Robert Lavine

The app and smart device maker co-led the round for Qudian, the instalment buying platform founded as Qufenqi, doubling its overall funding.

Qudian Group, the China-based instalment buying platform formerly known as Qufenqi has raised RMB3bn ($449m) in a round co-led by mobile app and smart device developer Hangzhou Liaison Interactive Information Technology, Marbridge Consulting reported today.

The round was co-led with Fenghuang Xiangrui Internet Fund, a vehicle owned by investment firm Phoenix Fortune Holdings, and included undisclosed existing investors.

Gaming company Kunlun Tech reportedly invested $27m in Qudian in January this year alongside an undisclosed amount from financial services provider…

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