Suning Finance is a financial services unit of electronics retailer Suning (similar to Ant Group’s role for e-commerce giant Alibaba). The platform provides payment accounts, consumer loans, insurance, crowdfunding and other financial services. In 2019 it boasted more than 70 million active customers, when it was reported to have enjoyed five consecutive years of profitability.
In 2019, it also completed a Series C round of funding raising Rmb10 billion.
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