One of Hong Kong's unicorn startups, online lending startup WeLab, fresh from raising $220 million in funding last month, is considering its next mega move. Plans are afoot to go to the next stage of growth with preliminary steps for a public listing in Hong Kong that could raise approximately $500 million. The fintech startup drew an initial $20 million in January 2015 from a group of investors including Sequoia Capital and Hong Kong tycoon Li Ka-shing’s TOM Group. That was not only a new milestone for Hong Kong startups but also a sign of how new models for online and mobile lending in the Asian region are taking off. WeLab operates the Chinese mobile lending platform Wolaidai and WeLend service in Hong Kong, the city's first P2P lending platform.

Source: Forbes November 26, 2017 20:03 UTC