Tencent, GL Ventures co-lead $92.5m Series C round for China's Fenbeitong

Tencent, GL Ventures co-lead $92.5m Series C round for China's Fenbeitong

Source: William Bayreuther/Unsplash

Tencent and GL Ventures, the venture capital unit of Hillhouse Capital, have jointly led a $92.5-million Series C round for Chinese corporate expense management startup Fenbeitong.