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China’s Unicorns Under Pressure for Misrepresenting Capital Raises
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China’s Unicorns Under Pressure for Misrepresenting Capital Raises

China’s Unicorns Under Pressure for Misrepresenting Capital Raises

Todd Anderson·
FintechNews Roundup
·Nov. 6, 2017·1 min read

Recent IPO filings by some Chinese unicorns has revealed companies who misrepresented the amount they raised in venture funding; Jianpu Technology is reported to have inflated their capital raising’s and Qudian is under pressure for potentially disclosing incorrect bad-loan ratios; Chinese regulators have begun looking more closely at consumer lenders and the recent surge in potential IPOs might take a hit with the bad news trend. Source.

  • Todd Anderson
    Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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Fintech IPOsJianpu TechnologylisQudian
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