Lu Jin completed a $1 billion 216 million financing bank of Guotai Junan shares

Sina

news January 18th news, today, Lu Jin officially announced recently completed $1 billion 216 million financing, including the B round investors invested $924 million A round investors and the exercise of the call option investment of $292 million, after the completion of the financing, Lu Jin reached $18 billion 500 million valuation.

according to reports, Lu Jin B round of financing obtained from many foreign institutional investors involved, including Bank of China Group Investment Ltd, Guotai Junan Securities (Hongkong) Co., Ltd., Minsheng Bank International Holdings limited.

previously, there have been reports that Lu Jin in December last year to get $900 million financing, valuation reached $18 billion 500 million, and today, Lu Jin publicly acknowledged this point. Lu Jin, chairman of the board of directors, said the fastest in the second half of 2016 to start the IPO program.

According to the

media financing obtained material shows that Lu Jin 2014 revenue of $100 million, in 2015 revenue is expected to be $706 million, from 2016 to 2018 is expected revenue is $3 billion 103 million, $6 billion 166 million, $9 billion 843 million. According to the material statistics available, Lu Jin 2015 pre losing about $415 million, in 2016 will continue to losses of $68 million, but by 2017 will be significantly improved, expected profit of $1 billion 555 million, is expected to 2018 earnings of $3 billion 544 million.

Lu Jin was registered in Shanghai in September 2011 with a registered capital of RMB 837 million and is headquartered in Shanghai, Lujiazui. As of December 2015, Lu Jin has more than 500 institutions to establish a close cooperation, more than 18 million registered users, nearly 3 million 630 thousand active users, the service coverage of the more than and 300 city, the total trading volume of 1 trillion and 600 billion yuan. Lu Jin fund channel on the line for several months, has been launched on the more than 2 thousand public fund.

Lu Jin chairman Ji Kuisheng believes that the development of any industry will experience a period of fast growth, short adjustment period and mature period of three stages, the current Internet banking is in the second phase, now the domestic financial market is just beginning. "The current economic environment is not so good, but also the emergence of Pan Asia, e rent treasure such things, the more high risk control requirements."

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