21 January, 2016
Kirkland & Ellis represents Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia, in its lead investment in the US$160 million Series B fundraising of WeLab, operator of Wolaidai (我来贷), one of China’s largest mobile lending platforms and WeLend.hk, Hong Kong’s leading online lending platform. Khazanah led a consortium of investors which includes, amongst others, ING Bank and state-owned Guangdong Technology Financial Group. The investment in WeLab represents Khazanah’s first investment in China’s financial technology (fintech) sector.
