Snowball Finance is a Beijing-based social investment website and cross-platform app that combines valuation information, interactive 'Twitter-like' investor social networking, and advanced trading functions. Founded in 2010 and launched in November 2011, the company offers access to stocks, bonds, and funds across markets including Hong Kong and the U.S., and has expanded into asset management with Snowball Private Equity and the Egg Roll Fund (launched H2 2016). Its community has grown to about 12 million monthly active users, up from roughly 700,000–1 million in 2015, and the platform supports more than 4,500 public fund subscriptions and has issued over 200 private placements for high-net-worth investors. Snowball has also rolled out advanced trading features for stocks and stock options alongside tailored fund portfolios for different risk profiles. The company has said it will use new financing to further product development, improve its trading system, recruit talent, and enhance user experience to enable trading across markets and products. A strategic partnership with Ant Financial is expected to augment its wealth-management distribution and service offerings. Snowball Finance, known in Chinese as Xueqiu, operates a finance-focused social networking site for investors. The site is one of the most popular financial social networks among investors in China. The company announced a $40 million Series C round led by Renren Inc., with participation from existing investor MorningSide Ventures. Prior financings include a $10 million Series A the previous year and $3.2 million in 2011. The article does not disclose operating metrics or revenue figures for Snowball Finance. The platform is identified by its domain Xueqiu.com in coverage.

Total raised

$160M

Funding rounds

2

Latest round

Series D

Latest activity

Jul 2018