Tencent, Centurium & ZWC invest $138m in Chinese e-signature service Fadada
March 11, 2021
Fadada, a Chinese e-signature and cloud contract service provider, has pocketed 900 million yuan ($138.3 million) in a Series D round of financing after seeing the pandemic accelerate China’s e-signature adoption in 2020.
Investors of the deal include Chinese gaming and social networking giant Tencent, private equity (PE) firm Centurium Capital, and ZWC Partners, a dual-currency fund platform that invests in China and Southeast Asia.
The completion of the Series D round came after the COVID-19 pandemic served as “a catalyst” to accelerate the adoption of e-signature solutions in China and globally.