2012 Founded
2013 Fundings rounds US$200m
2017 Funding round (Temasek joined)
2019 Police investigation
It's a big data company engaged in data gathering, mining and analysis. It crawls the internet to collect personal information, such as names, locations and phone numbers. Data analytics companies have grown in step with the online loan industry which requires customer data. Lenders purchase data to help them market their loans, identify fraudulent borrowers and assist collection of unpaid debts.
Dec 2019 CCTV cited police reports that Tongdun made US$128.5m from sales of personal data to predatory online loan sharks. If that is not shocking enough, the US$126.5m was the company's reported total revenue for 2018.
Chinese police are cracking down on data companies that sell personal information to predatory lenders. Warrants of arrest has been issued to CEOs of two other companies.
Temasek's total investment is not known. Temasek co-led the 2017 funding round which raised US$72.8m.
INVESTMENT WATCH : Red alert.
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