Lu Jin is about to complete the 1 billion valuation of 18 billion financing

[Abstract] in the new round of financing, Lu Jin will sell about 5% of the shares; in addition, it is seeking to market in the second half of next year.

Tencent science and technology news December 15th, Bloomberg quoted sources said, China Ping An Insurance Group’s P2P net loan company Lu Jin is about to complete a new round of financing, valued at approximately $18 billion. This further reinforces Lu Jin’s position as the world’s most valuable financial technology start-ups.

informed sources said that in the new round of financing, Lu Jin will sell about 5% of the shares, financing nearly $1 billion. Chinese and foreign investors took part in the Lu Jin round of financing, the demand for the number of times the original amount of financing sought by Lu Jin.

After years of government led by

, China’s financial sector is undergoing a comprehensive reform, Lu Jin, Baidu and other new entrants to the introduction of innovative and low-cost services. Lu Jin is called the "Shanghai Lujiazui international financial asset trading market Limited by Share Ltd", was founded 4 years ago, by McKinsey’s former adviser Gibb (Gregory) is responsible for operations. Ping An insurance is Lu Jin’s largest shareholder.

informed sources also revealed that Lu Jin is seeking to market in the second half of next year.

Lu Jin in March this year, through private placement financing $500 million, was valued at $10 billion, becoming the world’s most valuable financial technology start-ups. (wing fly)