Qupital is a Chinese financial technology company backed by Alibaba that develops a platform for cross-border e-commerce financing. The company is headquartered in Hong Kong and has offices in Shanghai and Shenzhen.[1] In 2018, Alibaba Group partnered with Qupital Limited for SMB financing.[1]
History
In March 2016, Qupital Limited was founded in Hong Kong by Andy Chan and Winston Wong.[2][3][4]
In March 2017, the company secured $2 million seed funding in a round led by Alibaba Entrepreneurs Fund and Mindworks Ventures.