trending Market Intelligence /marketintelligence/en/news-insights/trending/2rn1ma1onp4m1nr3wjtnya2 content esgSubNav
In This List

Yunfeng Financial to acquire stake in Beijing-based fintech company

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Yunfeng Financial to acquire stake in Beijing-based fintech company

Yunfeng Financial Group Ltd. will acquire a 16.67% stake in financial technology company Qutke Technology (Beijing) Co. Ltd.

Yunfeng Financial agreed to subscribe to new equity shares amounting to 50 million yuan in Qutke, according to a May 16 release.

Qutke offers investment research support and services for financial institutions. Yunfeng Financial said the investment will supplement the company's core business of providing financial services to investors.

As of May 16, US$1 was equivalent to 6.37 Chinese yuan.