Microsoft’s China startup incubator programme, Microsoft Ventures Accelerator in China, has helped boost the cloud computing services of China online financial services company 91Jinrong as part of a $10m (RMB 60m) series B round that includes China Broadband Capital, Matrix Partners and other investors.
Known as the “Wal-Mart of finance”, 91Jinrong matches potential consumers with corresponding financial institutions to receive personalised services. To date, the company has formed partnerships with over 300 financial institutions, including the Industrial and Commercial Bank…