CMC

CMC, founded in 2015 and headquartered in Beijing, China, has raised approximately $2 billion in funding and reached a $6 billion valuation. The company raised a $200 million Series A in 2016 and a $300 million Series B in 2017 led by Alibaba Group. A $500 million Series C in 2018 led by Tencent expanded fintech offerings. In 2020, a $1 billion Series D led by Alibaba Group and Tencent scaled operations and enterprise solutions. CMC provides digital payments, lending, and financial services for millions of users in China.