Core Insights - The article highlights the completion of a Series B financing round for the domestic bad asset digital governance platform "Zhuan Duola," raising 48 million RMB, which strengthens its capital base and supports its nationwide expansion and platform ecosystem development [1][2][7] Financing Details - The financing was led by Duhui Financial Hong Kong and Global Capital, both experienced in the Asian bad asset and structured opportunity investment sectors, providing not only capital but also strategic input [2][5] - Strategic partner Lanhong Limited continues to support Zhuan Duola's development, leveraging its experience in local project governance and compliance processes [2][4] Platform Development - Zhuan Duola plans to accelerate its development in five key areas post-financing, including system upgrades, judicial collaboration, blockchain pilot projects, and the establishment of a "joint investment pool" [3][6] - The platform has integrated over 4.8 billion RMB in bad asset packages and has over 600 active users, significantly reducing asset turnover time and increasing transaction success rates [4][5] Regional Governance - The "City Governance Center" initiative is underway, with plans to establish at least 30 governance nodes across China, creating a closed-loop mechanism for local asset collection and systematic recovery [4][7] Capital Operations - The involvement of Duhui Financial and Global Capital opens new avenues for diversified financing, including the establishment of specialized asset governance funds [5][6] - Zhuan Duola is also exploring international asset cooperation and cross-border governance solutions, aiming to enhance its global governance capabilities [6][7] Industry Evolution - The financing and strategic upgrades signify a shift in the bad asset market from a traditional AMC-dominated model to an open, mechanism-driven platform governance system [7]