This round will bring the company’s total funding to more than $260 million USD, together with the $60 million USD C round, $30 million USD in Series B and $7 million USD Series A. Company CEO Ye Daqing indicated that the funds were raised at a valuation of $1 billion USD. The company claims to have included some 170,000 financial products, of which over 70,000 are loans products, 10,000 are credit cards and 80,000 are financial management services. It now provides services to 12.3 million users in 300 cities in total. Ye commented that Rong360 is considering the possibility of going public in the domestic market in response to a long-rumored IPO.