Tagged: china

Dianrong & Hanwha Signs MOU to Begin Global Expansion

Hanwha Dianrong MOU

Dianrong, a leading Chinese peer-to-peer (P2P) lending platform, and Hanwha S&C announced on earlier this week that that both have signed a Memorandum of Understanding (MOU) which formalizes the intention of a strategic partnership to pursue a FinTech solution business and other businesses related to internet… Read More

Dianrong May Raise $500 Million this Spring. Will Expand Into Other Markets

Dianrong office

Dianrong, a leading peer to peer lending platform in China, raised a respectable $207 million a couple months back.  Now the online lender is considering its next funding round which may hit half a billion dollars as the Chinese P2P market continues to outpace traditional… Read More

Brief: New Android Smartphone Pepsi P1 Debuts on Chinese Crowdfunding Platform JD.com

P1 2

Just one month after information about PepsiCo China’s smartphone, Pepsi P1, was reportedly leaked to the public, the popular beverage brand announced that it is not only working with a licensing partner to develop a line of mobile phones and accessories, but it has also… Read More

Woes with Chinese Custodian Banks

China smoking mandarin

When the State Council of China issued its guidelines for the internet finance industry in July, the single most talked about guideline among platform operators is the government’s encouragement of banks to provide custodian services for investor funds used for platform transactions. Many have interpreted… Read More

In China, Baidu + Citic Bank To Launch New Online Bank

China Lion

China’s Internet search giant Baidu will partner with China Citic Bank, part of state-owned conglomerate Citic Group, to launch an online bank, according to the Financial Times. The FT notes that Citic Bank, suspended its shares in Shanghai and Hong Kong on Monday pending announcement… Read More

CrowdPlus.Asia Claims First ASEAN Equity Crowdfunding Platform

CrowdPlus.Asia Luanch

CrowdPlus.Asia is the first, of the approved platforms, to launch in Malaysia – and across multiple Asian markets. CrowdPlus.asia will focus on the ASEAN market, having established a presence in Malaysia, Thailand and Vietnam, as well as mainland China and Hong Kong where there is a number… Read More

China E-Commence Platform Cogobuy Reveals Third Quarter Unaudited Operation Results

third quarter

On Thursday, Cogobuy Group (stock code: 400.HK), an e-commerce platform that serves the electronics manufacturing industry in China, announce its unaudited operating results for the three months ending on September 30th.  During the quarter, the Cogobuy’s three major businesses achieved robust growth. The total GMV of… Read More

Chinese Online Lenders Need to Have Flesh in the Game

where is the beef meat

  Last month I attended LendIt Europe in London (Oct. 20-21) to learn more about developments in the marketplace lending industry in the UK and in broader continental Europe. LendIt has once again done an excellent job organizing the conference and brought together a wealth… Read More

China: Update on Private Lending Rules

People’s Supreme Court of China

A bit late on providing this update, but back in August, the People’s Supreme Court of China issued a new ruling on matters related to private lending in China. Private lending is defined as lending between persons or entities that are not financial institutions sanctioned… Read More

ShareIn Will Allow Chinese Investors to Purchase Shares in UK Firms

China UK London

Edinburgh-based investment crowdfunding platform ShareIn is targeting China as a unique opportunity.  Announced today at the World Crowdfunding  Conference taking place in Guiyang, China, the company stated it would launch the first joint, China – UK crowdfunding campaign designed to allow Chinese investors to purchase… Read More

Jide Announces Shipping Details For Kickstarter Alum “Remix Mini”

Remix Mini 3

  Offering up an update to backers of its recent Kickstarter project, Remix Mini, Jide Tech announced shipping details for the already popular Android PC. The Beijing-based startup described Remix Mini as a simple to use computer that connects to any screen, keyboard and mouse, allowing users to use… Read More

AngelList Partners Up with China’s 3rd Largest Private Equity Group in $400 Million Seed Fund


AngelList has posted a “few announcements” on their blog today.  CSC Upshot, a new venture capital firm, has raised a $400 million fund to invest in startups on AngelList.  According to AngelList this is the 3rd largest seed stage fund ever.  AngelList has raised approximately… Read More

Record Month Again: China P2P Lenders Continue Upward Trajectory as Total Transactions Near 1 Trillion RMB

China Yuan Renmibi

A web platform that tracks peer to peer lending in China has stated that September was another record month for online lenders. According to a report in the ShanghaiDaily, P2P transactions hit 115.2 billion RMB ($18.1 billion USD) last month. Online Lending House stated monthly… Read More

Crowdfunding in China: Potentials, Challenges, Risks and Solutions

China the Forbidden City

The concept of crowdfunding is derived from crowdsourcing and micro-finance. Crowdfunding is a financing process for individuals and enterprises to raise funds from the public via the internet. Crowdfunding platforms, project initiators, and investors are the participants in crowdfunding. Open online project exhibition, fund raising… Read More

Chinese Company Exits Truck Leasing to Focus on Internet Finance


Fincera, a company that started in the transportation and automotive leasing business, is getting out of this sector to focus on internet finance.  The company announced earlier this week that “the company’s legacy truck leasing business ceased initiating new leases in August 2015.”  It’s internet… Read More