The Chinese online overseas investment publication Gelonghui recently secured 200 million yuan (US$30.15 million) in Series A financing, Tencent Technology reported on Monday. The latest valuation of the company was two billion yuan after the financing.
In response to the round of financing, Ren Min, vice president of Gelonghui, said that the company will further consolidate its leading position in investment research and information in the Hong Kong stock market, while at the same time improve team building, accelerate overseas investment related data and tools, and supervise the development of other new products.
According to Tencent Venture, Gelonghui is a social investment research platform integrating financial news, research, investment bank databases, and provides market information, trends and other one-stop services.
The core product, APP of Gelonghui, has been updated many times since last year. On the basis of high-quality information and research content, it gradually introduces features such as short-selling early warning in the Hong Kong stock market.
“The Gelonghui APP will continue to focus on Hong Kong stock information, in-depth research, reference tools and market data to create a one-stop investment platform for Hong Kong stocks,” Ren said.