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DeFang Tang

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DeFang Tang

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Briefs | Ping An-backed Lufax raises $1.3b at $40b valuation with no word on IPO

Lufax, the highest ranked Chinese fintech company on market researcher CB Insights’ global unicorn list, just raised US$1.33 billion in Series C round, bringing its total valuation to $40 billio

1 min read
  • Allan Zhang mentioned that the current problem with most Internet companies is the obsession of user acquisition through devious schemes.

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    WeChat creator Allan Zhang quoted Jeff Bezos to warn product managers to choose kindness over cleverness

    1 min read