WeLab has completed more than 1.7 billion yuan of Series D strategic financing.

Financial technology platform WeLab announced the completion of a $220 million strategic financing in its Series D round, marking the largest single round of financing since WeLab was founded. This round of financing includes both debt and equity funding, with participation and support from multiple new investors and strategic capital partners, including Prudential Hong Kong, Fubon Bank, HSBC, Hong Kong Investment Management Company, TOM Group, and Allianz Group. WeLab stated that the funds raised in this round will be used to expand its business in Southeast Asia, as well as to provide a more diverse range of financial products, accelerate customer growth, and support its previously announced artificial intelligence vision.