Water Drops seeks new financing with a valuation of over $1 billion and will develop blockchain technology with Tencent

On April 30th, according to Bloomberg, the company that Tencent supports is seeking a new round of financing with a valuation of more than $1 billion. Shen Peng, founder and CEO of Water Drop, said in an interview that the company will use the funds raised for reimbursement automation and develop blockchain technology with Tencent.