# Snowball Finance (Xueqiu): Financial services, Beijing, China

> Snowball Finance (Xueqiu): Snowball Finance, also known as Xueqiu, is a Beijing-based internet financial information service provider founded in 2010.

Source: https://millionrounds.com/startup/snowball-finance-xueqiu (Millionrounds; every figure on the page links to its filing or article)

China · [Financial services startup](https://millionrounds.com/companies)

# Snowball Finance (Xueqiu)

Snowball Finance, also known as Xueqiu, is a Beijing-based internet financial information service provider founded in 2010.

Funding reported Last round: Series E

Financial services Beijing, China

Company summary

- **Founded:** 2010 16 years old
- **Team:** 110 51 to 200 people
- **Funding reported:** 312.8M as listed, currency not stated
- **Last round:** Series E Dec 2020

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Snowball Finance (Xueqiu) has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Snowball Finance (Xueqiu)

Snowball Finance, also known as Xueqiu, is a Beijing-based internet financial information service provider founded in 2010.

The company operates several digital platforms, including its flagship social investment network, Xueqiu.com, and the Chinese-language stock portal iMeigu.com. Xueqiu is recognized as China's largest social platform for investors, particularly those interested in the U.S. stock market and Chinese companies listed abroad. The company offers a range of services to empower investors, including real-time data access for various markets, an interactive investment community for sharing insights, and independent market commentary. Snowball Finance also provides newsletter subscriptions, publishes the iChinaStock 30 Index, and offers fund sales services through its licensed subsidiary, Snowball Fund. With a focus on long-term investment and asset allocation, Snowball Finance serves a diverse audience of domestic and global investors, facilitating both information sharing and transaction capabilities through its web and mobile platforms.

## What company datasets say Snowball Finance (Xueqiu) raised

Funding, as reported

Reported in all **312.8M** in the source's currency

Last round **Series E**

Last round size **120M**

Last round date **Dec 2020**

## The company, in detail

What they build

Known for

information technology & services financial services finance financial media b2c fintech investor community services finance technology web 20 internet financial information

Built with from their website

Tengine Mobile Friendly Tencent Exmail Feishu Google Search Console Baidu Ads

- **Sector:** Financial services
- **Industry code:** NAICS 523150, 519290, SIC 6211, 7375
- **Region:** Beijing Shi
- **Revenue:** 10M a year, as listed

## Financial services in China

Startups like it

- [**Dianrong** Shanghai · founded 2012 *Raised*](https://millionrounds.com/company/dianrong)
- [**Zhaolian Consumer Finance Co., Ltd.** Shenzhen · founded 2015](https://millionrounds.com/startup/zhaolian-consumer-finance-co-ltd)
- [**WeBank** founded 2014](https://millionrounds.com/startup/webank)
- [**Digital Sustainable Transport Shenzhen Ltd** Shen Zhen Shi · founded 2015](https://millionrounds.com/startup/digital-sustainable-transport-shenzhen-ltd)
- [**Shuipi Chou** Beijing · founded 2016](https://millionrounds.com/startup/shuipi-chou)
- [**Harbin Hayin Consumer Finance Co., Ltd.** Harbin · founded 2017](https://millionrounds.com/startup/harbin-hayin-consumer-finance-co-ltd)
- [**China Unionpay Merchant Services** Shanghai · founded 2002](https://millionrounds.com/startup/china-unionpay-merchant-services)
- [**Wacai** Hangzhou Shi · founded 2009](https://millionrounds.com/startup/wacai-3)

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