China’s Unicorns Under Pressure for Misrepresenting Capital Raises

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 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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