Chinese Installments startup nabs $235m funding

An online store, Fenqile, on which shoppers can pay in installments is slowly persuading Chinese people that they don’t need to pay for everything upfront – as is still the norm in the cash-based society.

In the first six months of the year, Fenqile claims its customers snapped up US$1.5 billion worth of products.

Read more at TIA


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