Tagged: china

13 New Restrictions for China P2P Lenders as Rules Sink In

Chinese Peer to Peer Lending

Announced earlier this week, China has finally revealed its regulatory approach to online lending. To put this into perspective, peer to peer lending is huge in China – the largest online lending market in the world. The rapid ascension of P2P lending was driven by… Read More

Financial Innovation Now: Big Tech Educates Policy Makers on Benefits of Fintech

Fintech Apple Google Amazon PayPal Intuit

Apple, Google, Amazon, PayPal & Intuit Provide the Firepower Behind Fintech Advocacy Group Financial Innovation Now. Back in the fall of 2015, an announcement was made regarding the creation of a new public policy coalition representing some of the largest names in tech: Apple, Google,… Read More

Ticwatch 2 Hurdles Over $2M During the Final Hours on Kickstarter

Ticwatch 2 1

With less than 24 hours until its Kickstarter campaign comes to an end, Mobvoi’s Ticwatch 2 has successfully surpassed $2 million thanks to over 9,500 backers. The timepiece is notably is lifestyle convenient and provides what the company believes to be an innovative design along with a unique… Read More

China P2P Lending Rules Said to Include Caps on Amount Borrowed

China Yuan Renmibi

A report in ChinaNews is saying The China Banking Regulatory Commission (CBRC), along with partner agencies, will release rules regarding online lending that will include lending caps. According to the report, individuals will be able to borrow up to 200,000 CNY (USD $30,000) from any… Read More

Three Chinese Fintech Firms Incubate in Australia as Part of Fintech Asia Program

Australia Money

The Turnbull government announced in February of this year their intent to establish Australia as an Asia-Pacific hub for Fintech. The Hon. Scott Morrison MP said at that time; “FinTech will have an important role to play in Australia’s innovation future, that’s why the Turnbull Government… Read More

Shares in Yirendai Jump as Chinese P2P Lender Executes on Objectives

Yihan Fang, Yirendai CEO

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced Q2 results last week and the markets liked what they heard. While Yirendai held their earnings call on Wednesday, August 10th, it has taken a few days for the news to sink in…. Read More

Dianrong Points to Department of Commerce Report Labeling it the P2P Leader in China

Soul Htite and Ning Tang

Dianrong, a very large peer to peer lender in China (far bigger than any platform in the US), did some chest pounding yesterday.  In a release, Dianrong claimed the US Department of Commerce named the Chinese online lender the “Leader in China’s P2P Lending Segment.”… Read More

Brief: Chinese Crowdfunding Platform Duocaitou Completes Pre-A Financing Round

China Flag

Duocaitou, a Chinese real estate crowdfunding platform that’s dedicated to boutique hotels and home rentals, announced on Wednesday it has completed its Pre-A financing round and has received funds from three venture capital firms, Capital, Innovation Angel Fund, and Shunwei Capital Partners. Gengqian Zhao, CEO… Read More

David Snitkof of Orchard Shares Unique Insight into Online Lending Market Dynamics

David Snitkof edited

Orchard Marketplace is a platform that is uniquely positioned at the intersection of institutional money and online lending. If you are a large investor you are using Orchard to manage and access loans on all marketplace lending platforms. This perspective means that Orchard can easily… Read More

Q&A: Aaron Schwartz Head of Fintech Research at PwC

FinTech and Money

Earlier this week PwC (under the DeNovo label) published a wide-ranging report on the evolution of Fintech. The document was the production of many PwC executives covering topics like blockchain, payments, banking and the overall transformation of financial services. In one respect the report is… Read More

Failing Grade: Many Chinese P2P Lenders Do Not Meet Government Requirements

China Coin Money

According to multiple reports, Chinese peer to peer lending platforms are failing to meet the minimum standards being applied by the various government agencies tasked with regulated the online lenders. This does not mean ALL the P2P lenders are receiving failing grades. There are many… Read More

Nicola Horlick’s P2P Lender Money&Co. Receives Chinese Investment

Nicola Horlick

Money&Co., a peer to peer lender targeting small businesses, has signed an agreement to receive investment capital from the Chinese Overseas Consortium Development Company.  According to information provided by the P2P lender, this is the third funding round and values the company at over £20… Read More

Chinese Startup Mobvoi Captures Over $360,000 First Day on Kickstarter For New Interactive Smartwatch “Ticwatch 2”

Ticwatch 2 3

China-based tech startup, Mobvoi, launched its Kickstarter campaign on Tuesday to raise only $50,000 for its new interactive watch, Ticwatch 2. Within a matter of 24 hours, the timepiece not only secured its initial funding goal (in 10 minutes), it has managed to secure well over $360,000… Read More

China Fintech Roundup

Shanghai China

P2P platform focused on property collateral mortgage Hepan Finance received RMB 66M Series A Investment Founded in 2013, Hepan Finance is a P2P platform focused on providing operating capital to small businesses in the Shanghai area. Prior to launching the lending platform, the company’s experience, and… Read More

Scared Straight: China P2P Executives Given Tour of Shanghai Prison

Scared Straight the Documentary

This is one way to get the message across. According to a report in ECNS, 50 peer to peer lending executives were given a tour of the Qingpu prison in Shanghai.  The tour was described as a “scared straight” session. The concept of being “Scared… Read More

Brief: Orchard Platform’s Jeremy Todd Shares Lang Di Fintech Experience Highlights

Jeremy Todd

With the closing of LendIt’s largest event to date, the Lang Di Fintech Experience, Orchard Platform shared its Head of West Coast & APAC Sales Jeremy Todd‘s initial impressions of the event which focused on the future of fintech not only in China but also globally. Todd participated… Read More

JustUs Receives Backing From Chinese Financial Firm GuanQun Investment

Lee Birkett

JustUs, a new peer-to-peer lending platform focusing on the IF ISA space, announced on Tuesday that it has received backing from Chinese financial firm, GuanQun Investment. This news comes just a few weeks after JustUS announced it is preparing to launch a crowdfunding campaign on Crowdcube to… Read More