51credit (51信用卡; renamed Vala Inc. in June 2025) is a Hangzhou-based Chinese company founded in 2012 by Sun Haitao and operated through Hangzhou Enniu Network Technology Co., Ltd. It began as one of China's earliest mobile credit-card bill management platforms, built around the 51 Credit Card Manager app, and expanded into personal credit management, credit-card SaaS services and online credit facilitation. It listed on the Main Board of the Hong Kong Stock Exchange (HKEX: 2051) in July 2018, and has since diversified into new-energy vehicles, selling the Vala multi-purpose electric camping vehicle alongside its consumer-finance operations.
51credit is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2012
Employees
360–430
Total Funding
$509.95M
6 rounds
Reported record Q1 2026 EV performance: 564 Vala vehicles delivered via bulk orders, scaling co-creator/store network.
New EV segment shows real delivery traction, though still small next to original fintech scale.
Notified by China's cyber regulator for illegal personal-data collection via the 51 Credit Card Manager app; HK shares fell 7 straight sessions (~-22%).
Regulatory/compliance overhang pressured shares sharply lower.
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $509.95M across 6 rounds
Last updated 09-23-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Oct 26, 2016 | Series C+ | $84M | — | Harvest Investment, Yintai Group |
| Sep 20, 2016 | Series C | $310M | $1B *estimated | Xinhu Zhongbao, Tiantu Investment |
| Apr 18, 2015 | Series B+ | $50M | — | Xinhu Zhongbao |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series B
$300M
Feb 2015
51credit today
$1B
Sep 2016 · latest mark
51credit multiple
3.3x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Sun Haitao
Founder, Chairman & CEO
Zhao Ke
Chief Financial Officer
Listed on the Main Board of the Hong Kong Stock Exchange on 13 July 2018 under the ticker 2051, pricing 118,703,000 shares at HK$8.50 - the bottom of the HK$8.50-11.50 range - for gross proceeds of about HK$1.01 billion (roughly US$128.5 million). The company was renamed Vala Inc. in June 2025 as it pivoted toward new-energy vehicles, and its shares have since traded well below the offer price.
51credit shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
51credit raised $509.95M across 6 disclosed funding rounds prior to its public listing.
51credit was founded by Sun Haitao in 2012.
51credit is headquartered in Hangzhou, Zhejiang, China.
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