Hunan Weidao Technology Co., Ltd. announced that it will receive CNY 25,000,000 in equity round of funding on October 30, 2018. The transaction will include participation from new investor Guangdong Jadiete Holdings Group Company Limited (SZSE:200168) for 12.6904% stake. The registered capital of company will increase by CNY 908,434 from CNY 6,250,000 to CNY 7,158,434 and rest CNY 24,091,566 will go to capital reserve. The transaction has been approved by the 21st session of the 7th directorate of the investor. The company has reported total assets of CNY 24,622,776.76; total liabilities of CNY 322,341.22; net assets of CNY 24,300,435.54; revenue of 0; and net loss of CNY 699,564.46 for the year ended December 31, 2017.