Tagged: china

Internet Finance+ Beijing Summit

The traditional finance could not meet the needs of ever-increasing SMEs, and China is no exception. In March 2014, the words “internet finance” first ever appeared in the official report of Chinese government with the objective to drive entrepreneurships and spur employment. Soon it became… Read More

MYBank, a Privately Owned Internet Bank in China, is Set to Challenge Traditional Banks

MYbank logo

MYBank, a new online only bank, is poised to challenge China’s state owned banks with its 100% digital, branchless banking operation that will serve customers 24 hours a day. This is one of China’s first privately owned internet banks as China pushes forward in the… Read More

Back this “Gravity Board” on Indiegogo & Wait Until September OR Buy a Similar Board on Alibaba Now

Gravity Board Indiegogo and Alibaba

Crowdfund Insider recently published an article about a worrying issue in the crowdfunding space: Crowdfunding campaigns that are not really innovative and new but simply re-packaged products already for sale elsewhere – typically on Alibaba.  Since all things tech are mostly manufactured in Asia – many… Read More

Peer-to-Peer Lender Lufax Achieves New Milestone: Registered 10 Million Users

Greg Gibb Lufax

Lufax, China’s finance marketplace, announced today that its flagship P2P marketplaces have reached 10 million registered users. Gregory Gibb, Chairman and CEO of Lufax, stated: “We are excited to achieve this significant milestone. Our growth continues to accelerate as Lufax users experience the security, innovation and convenience… Read More

JD.com & ZestFinance Partner on Consumer Credit in China


One of China’s largest direct sales platforms JD.com (Nasdaq:JD), and US based ZestFinance, a have formed an agreement to launch a joint venture called JD-ZestFinance Gaia.  This new partnership is designed to support the development of consumer credit in China.  The combined initiative will incorporate ZestFinance’s… Read More

Brief: Big Data is China’s New Tool Against Illegal Fundraising

big data word cloud

China’s crowdfunding and peer-to-peer lending markets have frequently featured in the news, as China seeks to decrease fraud in its rapidly expanding Internet finance world. Now, Beijing’s financial supervision agencies are using big data to crack down on illegal fundraising, with an online pre-warning platform already… Read More

Fundrise Sizes Up China Market for Possible Expansion

joseph Chen

Fundrise, a trailblazer in the real estate crowdfunding space, is looking to expand and China is high on the list.  It is a natural step for the platform as the largest investor in Fundrise is Renren, a publicly traded social media platform based in Beijing…. Read More

Crowdfunding Mailbox: Woodies Micro-Manufactures Fitted Shirts, Ola Fingerprint Lock & Bartesian, the Nespresso of Cocktails

Crowdfunding Mailbox 6.21.15

With the implementation of Title IV of the JOBS Act, otherwise called Regulation A+, we have entered a new step in the leveling the playing field for investors gaining access to early stage companies and companies ability to raise capital in a “mini-IPO” type structure. Previously… Read More

Wanda Group’s New App “Stable Earner No. 1″ Generates 5 Billion Yuan During Crowdfunding Initiative


Wanda Group, China’s commercial developer by sales, is trying its hand at internet finance in the form of their crowdfunding app “Stable Earner No. 1,” which launched earlier this month and succeeded in raising RMB5 billion in just three days, reportedly smashing a global crowdfunding record in the process. On Thursday, the… Read More

Standard Chartered Plc. Among Investors in $150 Million Fundraising Round for China’s Dianrong.com


Update on a $150 million fundraising round in progress: Chinese online lender Dianrong.com is raising funds in a round that values the startup at about $1 billion, according to people familiar with the matter, notes BloombergBusiness. Investors include Standard Chartered Plc, a British multinational banking and financial services… Read More

LendInvest Receives Investment from Beijing Kunlun. Gets £22 Million Boost

Christian Faes

Leading peer to peer lending site LendInvest has received a £22 million investment from Chinese internet firm Beijing Kunlun. This is according to an article in the FT but was also referenced in a Board Meeting release from earlier this week. Christian Faes, co-founder and… Read More

Crowdfunding Mailbox: Holis Holigraphic Display, Technical Weatherproof Outerwear & An Activity Tracker for Under $30 – Trasense

Mailbox Featured 6.14.15

One of the risks of writing about crowdfunding campaigns is that I regularly read (and sometimes write) about products that I want.  The reality is I cannot (or should not) back every project that I covet. But I have do admit that I am starting… Read More

Chinese P2P Renrendai Delays IPO: Going Public May Hinder Innovation


An initial public offering may be the ultimate goal for many internet start-ups, but not for Chinese peer-to-peer lender Renrendai, reported Kwong Man-ki of the South China Morning Post. “We will go for an IPO eventually, but we don’t have a timeframe. We’ll probably do… Read More

China Rapid Finance CEO Highlights Policy Challenge in Regulating P2P

China the largest Peer to Peer Lending Market P2P

The freewheeling world of peer to peer lending may come to an end later this month in the worlds largest P2P lending market. China is expected to release a regulatory regime that will tighten control of internet finance – a sector that has grown incredibly… Read More

Wanda Group Teams Up With 99 Bill to Launch China’s First Commercial Property Crowdfunding Project

Wanda Group

Wanda Group and 99 Bill jointly introduced China’s first commercial property crowdfunding project called “Stable Earner No.1″ on June 8th, officially announcing the launch of Wanda’s Internet finance business. By innovating the traditional financing model of commercial property and leveraging innovative Internet finance tools, this project directly injects… Read More

Soul Htite: “We want to bring US Capital to China”

soul Htite

China is the largest peer to peer lending market in the world with one estimate placing total loans at over $53 billion for all of 2014. Last week we reported that loan originations were near $10 billion – for just the month of May.  The space… Read More

‘It’s A Lot Of Money….Enough For Us To Build What We Wanted To Build”: Dianrong.com CEO On New Valuation of ‘About’ $1 Billion

Screen Shot 2015-05-27 at 9.33.25 PM

A major Chinese peer-to-peer lender, Dianrong.com, now claims a valuation of “around” $1 billion, due to its latest round of fundraising, according to the company’s CEO, Soul Htite, in a conversation with CNBC (Reuters also contributed to the story). U.S. investment firm Tiger Global was the source… Read More

NetEase Partners with HNA Group, Everbright Securities on Crowdfunding


NetEase (NASDAQ: NTES), one of China’s leading Internet and online game services providers, has announced that is subsidiary Ujia E-commerce Co., Ltd., has signed an agreement with Everbright Securities Co., and HNA Group to form a joint venture company. The joint venture is described as having a primary… Read More