Snowball Finance ("Xueqiu")

Snowball Finance ("Xueqiu") is a leading social network and information portal catering to investors in China. The company recently secured a significant US$40 million Series C investment led by Renren (NYSE:RENN) with the participation of Sequoia China and Morningside.

Xueqiu, known as 雪球 (XueQiu) in Chinese, has established itself as one of the most popular financial social networks among Chinese investors, attracting a considerable number of professionals in the financial sector to contribute financial analysis reports. The company has previously raised US$10 million in Series B funding and US$3.2 million in Series A in 2011. Xueqiu's platform offers extensive data analysis and coverage across US, Hong Kong, and Chinese stock markets, bonds, funds, trusts, and Bitcoin. Users can access real-time alerts, news updates, and price changes while also engaging with other investors. The platform is accessible via dedicated iOS and Android apps.

With the infusion of the latest investment, Xueqiu will focus on developing a broker system to facilitate stock trading for its members through its website and apps. Founded in 2010 and based in China, Xueqiu continues to be a prominent player in the intersection of Financial Services and Internet industries. The company's most recent Series E investment of $120.00M was secured on 07 December 2020 with Orchid Asia Group as the main investor.