Recent news related to Meridian Capital China
Meridian Capital’s beneficiary enterprise 360caifu.com completed Series B financing. Meridian Capital was the leading investor in Series
A financing, and a co-investor in Series B financing of 360caifu.com. Founded
in 2012, 360caifu.com brand allocates various private banking wealth management
products for users through Internet online model. Its products include premium
private banking wealth management products such as trust, asset management,
sunshine private fund, overseas insurance, family trust, PE, New Third Board fund,
film & TV fund, and M&A fund. Speaking of the capital usage of this
time’s financing, Cheng Huan, founder and CEO of 360caifu.com, told
www.iyiou.com: “Firstly, strengthen operation and promotion; secondly,
intensify efforts in investment research and risk control team building for
private placement FOF fund to launch customized and intelligent financial
products; thirdly, strengthen diversity at the asset end of private placement.”
Furthermore, Cheng Huan also disclosed that, Series B+ financing is also under
way.
Cheng Huan pointed out that, compared with
traditional offline wealth management enterprise Noah Private Wealth Management,
360caifu.com places asset management on the web to make it online; meanwhile, through
financial technology, it is able to rationally control operation cost, turn
investment and wealth management customized and intelligent, and improve industry
efficiency. Cheng Huan said, wealth management is a market with huge potentials.
For example, trust asset at the asset end alone grew from the initial 2
trillion to close to the 15 trillion market size in 2015; besides, mature
enterprises at home and abroad such as www.howbuy.com and Charles Schwab have already
emerged.
As financial supervision deepens, Internet
banking industry will enter a period of overall stable development. In 2015, 360caifu.com
and beidoutouzi.com acquired the financial license for private placement administrator.
Cheng Huan said that 360caifu.com is applying for license for public fund sales,
license for public fund administrator, license for insurance agent etc.