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Hangzhou Tongbanjie Software Co., Ltd. offers Tongbanjie, a Chinese mobile financial application. Recent research shows that there are more than 100,000 users using the application, with an average purchase amount of 8,000. The number of transactions exceeded 10,000, which means that its daily transactions exceeded 1 million. The company was founded in September 2010 by Jun He, a former employee of Alipay. The company received more than US$10 million in a Series A round of funding led by IDG Capital Partners.
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