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Comment on Legend Holdings Continues Internet Investment with P2P Platform eLoancn by E-Commerce Trade Of Agricultural Goods Over $16 Billion US In 2014: State Media - TechNode
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Comments for TechNode
Legend Holdings Corporation, the parent company of PC and smartphone maker Lenovo Group (HK.0992), has invested an undisclosed amount of financing in P2P lending site eLoancn.
Some local media has reported that the investment is around RMB900 million (US$147 million).
eLoancn differentiates itself from peers with a special focus on agriculture, farming and rural areas.
According to the site, it recorded a turnover of RMB300 million in 2013 and RMB1.72 billion this year as of October.
Legend Holdings’s current financial units include offline payment company Lakala, Zhengqi Financial, a financial company targeting SMEs, commercial bank Hankou Bank, and insurance company UIB.
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