angel investment: It is among a wave of new companies benefitting from angel investment in China. Angel investment is made by affluent individuals or institutions which provide capital for a business startup, usually in exchange for convertible debt or ownership equity, according to Global Times China. "We made the investment decision immediately after knowing the project, which is unique and creative," said Cha Li, an angel investor and co-founder of the fund company which invested in Surong 360.com and Surong360.com, a P2P peer-to-peer lending platform for college students and alumni, said it obtained an investment of tens of millions of yuan this week.Launched in 2013, Surong360 is a platform to lend and borrow money, make small investments or purchase using installments. It had millions of registered users across 2,000 universities by the end of 2014.
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