Puyi Announces Significant Investment from White Group
02/06/24, 1:42 PM
Location
guangzhou cityMoney raised
$500 million
Industry
investment management
Investors
White Group Pte. Ltd.
Puyi Inc. announced a significant investment from Singapore White Group Pte. Ltd., with up to US$500 million intended to be invested in Puyi, along with up to US$500 million in Fanhua Inc.
Company Info
Location
guangzhou city, guangdong province, china
Additional Info
Puyi (NASDAQ: PUYI) is one of the largest third-party wealth management company in China which focusing on mass affluent and emerging middle class population, with a roughly 10.4% market share based on 2017 transaction value(according to CIC).