Kuaile Shidai, a China-based e-commerce company backed by mobile game publisher Kunlun, has raised an undisclosed amount in series E round backed by undisclosed investors, China Money Network reported today.
Kuaile Shidai sells electronic and outdoor goods on instalment plans through its Qufenqi.com website, and small loans through a sister site called Laifenqi.com. It has reportedly accumulated three million users since its launch in early 2014.
The company previously secured $100m in an April 2015 series D round in which Kunlun invested $62m. It had previously raised $100m in a December 2014 series C round led by venture capital firm Bluerun Ventures.
Bluerun Ventures and Golden Summit had taken part in Kuaile Shidai’s $25m series B round in August 2014, four months after it raised an undisclosed amount of series A funding.