Predict your next investment

VZOOM company logo
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Accounting & Finance Services
vzoom.com

See what CB Insights has to offer

Stage

Series B | Alive

About VZOOM

VZOOM (微众税银) is an enterprise credit information service provider. It analyzes data of the enterprises, connects multiple data sources, establishes intelligent risk control models, and provides credit assessment services for small and medium enterprises.

VZOOM Headquarter Location

Room 202, Building 8, Shenzhen International Software Park Phase 1 Nanshan District

Shenzhen, Guangdong,

China

400-803-6188

Latest VZOOM News

Shanghai Bourse Halts Vzoom IPO After Graft Claims Leveled at Startup’s Actual Controller Shanghai Bourse Halts Vzoom IPO After ...

Feb 3, 2021

(Yicai Global) Feb. 3 -- The Shanghai Stock Exchange has halted the review process for Vzoom Creditech’s application to raise USD40.1 million in an initial public offering following allegations of corruption and other illegal acts against its actual controller Sun Haotian. Sun is being investigated on suspicion of graft, bribery and appropriation and embezzlement of property, the exchange said in a statement yesterday, without providing more details. Judicial authorities are also looking into fraudulent issuance and major violation of information disclosure law and other illegal acts by Sun related to the areas of national and public security, ecological security, production safety and public health. Shenzhen-based Vzoom, a leading provider of credit reporting services to small and medium-sized businesses in China, said it was operating normally. The charges are leveled at the actual controller, who usually does not participate in the company’s operations, it added. Vzoom applied to go public on Shanghai’s Star Market last June, with a view to raising CNY259 million to fund a Big Data risk management center. It had expected to become China’s first listed credit technology firm after a regulatory meeting in December approved the application. Formed in 2014, Vzoom is mainly owned by Shenzhen Zhongrunsifang Information Technology, which has a 32.04 percent stake, its IPO prospectus showed. The actual controller was named as Sun, whose voting rights totaled 41.59 percent. Citing internal control risks, Vzoom said it cannot rule out the possibility Sun will make decisions contrary to the company’s interests. Vzoom has completed four rounds of funding, with investors including fintech giant Ant Group, Industrial Bank and IDG Capital. It was valued at CNY2.5 billion (USD387.1 million) as of the end of 2019. Vzoom’s revenue mostly comes from the credit evaluation services it provides to SME clients of financial institutions. The firm generated over 10 million credit reports for more than 4.5 million small, medium and micro-sized firms between the start of 2017 and the end of 2020’s first quarter. Editor: Peter Thomas

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.