everbright’s walden cel global fund i invests in tongdun technology, a leading fintech risk management provider
china everbright limited (“everbright”, stock code: 165.hk) announced that its walden cel global fund i, concentrating on investments into the companies of semiconductor, artificial intelligence and leading edge industries, has closed an investment into the leading fintech risk management provider, tongdun technology. other investors of this round include china merchants capital, ggv capital, guotai global investments and xinda hanshi capital.
tongdun technology is a professional intelligent risk management and decision-making aaas service provider. for the past five years, tongdun technology locates itself on the leading position in intelligent risk management and intelligent antifraud and as well as showing great potential in intelligent user analysis and intelligent operation to clients from various industries. over 10,000 corporate clients have chosen tongdun technology’s products and services, including fintech industry, banking, insurance, and retail and internet business.
jiang tao, founder and ceo of tongdun technology, said, “we valued this investment from everbright. we, as a technology-driven company, see great potential and possibility from everbright’s investment and expansion in fintech industry. this round of financing will be used in the research and development of more innovative products, exploration of ai technology, and talent recruitment.”
yizhe wang, managing director of everbright and partner of walden cel global fund, said, “tongdun technology is a typical financial enterprise enabled by technology and this is our strategy in the field of fintech risk management. relying on its long-term cross-industry data accumulation and multi-dimensional technological optimization, tongdun technology has gradually explored the logic in line with national policies, industry needs and its own development. its main business operation data grow rapidly every year and the cash flow level of the company improves continuously. at present, tongdun technology is one of the few domestic practitioners who can realize the technology-enabled finance and the business model is fully accepted by the market. they have a clear understanding and plan of what they want to do, and how to do it. we expect the company to grow into a great intelligent data analysis company.
everbright’s walden cel global fund i has entered the leading edge sector since 2017 in a fast manner. since then, the fund has closed its investments into asr micro concentrating on communications and ai electronics chips research and development, 1 more focusing on the development and design of intelligent acoustics, and asr micro has grown into a unicorn company. in future, everbright will continue to explore companies with the greatest growth potential in the technology sector, and leveraging on the advantages of its own full-licensing financial resources, cultivate more high quality technology-related financial enterprises to further improve the level of their financial services.
