In August 2015, 83chedai accomplished its Pre-A equity financing led by Meridian Capital China with the total investment around RMB 10 million. After this financing, 83chedai will enlarge its investment in the areas of talents recruitment, risk guarantee, expansion of stores and marketing channels, to accelerate development in the automobile mortgage loan area, with assistance from Meridian Capital China by utilizing its resources other than capital.
Meridian Capital China is a leading venture capital institution specializing in the fields of new media and mobile internet in China. It has established four RMB funds in China with the total asset management scale approaching RMB 3 billion. Meridian Capital China has invested in and managed nearly one hundred targets including several top-notch enterprises in diverse sectors.
As legal counsel for Meridian Capital China, Llinks provided a full range of legal services for this project.
