10:02 AM EDT, 08/22/2025 (MT Newswires) -- (Updates throughout with HSBC ( HSBC ) statement.)

HSBC ( HSBC ) has led a Series C1 funding round for Chinese cross-border e-commerce fintech Dowsure, according to a HSBC ( HSBC ) statement emailed to MT Newswires Friday.

"We are delighted to lead Dowsure's Series C1 funding round, building on our initial investment two years ago," Louisa Zhang, HSBC's ( HSBC ) head of ventures, Asia, emerging technology, innovation, said in the statement.

Financial details were not provided.

The investment expands the strategic collaboration between the companies that started in 2023, the statement said, adding that in 2024, Dowsure and HSBC ( HSBC ) jointly launched an online dual-currency credit product.

Bloomberg first reported the news earlier Friday.

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