Existing investor Fosun Kinzon Capital returned to reinvest in the personal credit rating provider as part of a round that will support research and development.

China-based personal credit rating provider Ximu Credit has closed a RMB102m ($15m) series A round that included Kinzon Capital, the venture capital firm sponsored by conglomerate Fosun, China Money Network reported yesterday.

The round was co-led by state-owned holding company China Merchants Group’s venture capital fund China Merchants Venture Capital Management, and Zhixin Capital, and included investment firms China Growth Capital and Chunxiao Capital.

Founded in 2014 by Lou Jianxun, previously a manager at Sesame Credit, part of e-commerce group Alibaba’s…