Posted inChina

China’s fintech boom churns out billionaires

China’s raging fintech industry, which is leading the global chase for venture capital funding, is on the verge of minting two new billionaires. Online financial services platform PPDAI Group’s planned IPO in the US this month will see co-founder Shaofeng Gu’s net worth reach at least US$1.3 billion with his 25% stake, according to a […]

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