China: WeiyangX Fintech Review
E-signature Service Provider
On March 11
th, Chinese leading e-signature service provider
Fadada declared the completion of a 900-million-yuan D round of financing. The investment was led by Tencent, followed by ZWC Partners and Centurium Capital.
The outbreak of COVID-19 has significantly raised market cognition and utilization of electronic signatures. In early 2020, subscription for
Fadada was 8 times compared with the volume at the same period in 2019. In response to the market demand,
Fadada had offered tailored e-signature service for WeChat Work, online real-estate sales system and even public services agencies of Market Supervision and Administration in six provinces including Hubei. (