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Tencent e-invoicing unit Hainan Golden secures 1B yuan in series B round

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Tencent e-invoicing unit Hainan Golden secures 1B yuan in series B round

Tencent Holdings Ltd. was among the leaders of a 1 billion yuan series B funding round for e-invoicing firm Hainan Golden Technology, DealStreetAsia reported.

Co-leaders were Shenzhen Capital Group Co. Ltd., CDH Investments, China Investment and China Finance Fund.

Existing investors including Hillhouse Capital Management Ltd., Prometheus Capital, Dalian Wanda Group Co. Ltd. and IDG Capital Partners also joined the round, the report said, citing a statement on the company's WeChat account.

Hainan Golden Technology is a subsidiary of Tencent, whose clients are in the catering, hospitality, retail and property management sector.

As of Oct. 18, US$1 was equivalent to 7.08 yuan.