June 23, according to foreign reports, the US digital payment company Circle Internet Financial (hereinafter referred to as & ldquo; Circle & rdquo;) Wednesday released a statement saying the company had financing raised $ 60 million through a Series D round of financing by the Baidu led. Circle also announced that Chinese business has been set up is completed, the user will begin to wrest from the hands of Tencent, Alibaba Group.
Circle said that in addition to Baidu, IBM chairman Samuel Palmisano before (Sam Palmisano), venture capital firm IDG Capital Partners, Breyer Capital, EverBright Investments etc. participated in the round of financing the company.
In addition, the music streaming service Spotify executives Alex & middot; North Lindstrom (Alex Norstrom) will join the board of directors.
Circle did not disclose in this round of financing valuation of the company.
Circle in the last year have completed the IDG Capital and Goldman Sachs led the last round of financing, raising a total of at that time to $ 50 million in funding.
Founded in 2013, the Circle, using bitcoin block chain technology, allowing users to look at information with or GIF moving map in an instant payment.
Circle said in China after obtaining regulatory approval and finding banking partners, the company's consumer-oriented business services China will be officially launched.
Circle CEO Jeremy & middot; A Lale (Jeremy Allaire) indicates, & ldquo; China market already there are some incredible domestic companies & mdash; & mdash; Tencent and Alipay. We do not think that their arrival can repeal these products, but in those who want to share with the rest of the world the value of friends among Chinese users, there are some opportunities we have. & Rdquo;
Circle represents, Circle China is an independent company and a co-founder of Chinese investors. The company's target customers have become accustomed to be paid by users through social media.
Baidu investment Circle indicates this Chinese Web search engines are trying to diversify. Baidu currently working together to CITIC Bank, and launched a financial technology incubator in Hong Kong.
Micro-channel now has more than 760 million users worldwide. Alibaba Group, a subsidiary of the financial holding ants gold dress Alipay currently has 450 million users.