Tagged: china

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

Baidu Invests in ZestFinance. Will Partner on Credit Data

Douglas Merrill

One of the biggest challenges for online lending firms in China is the lack of credit data for prospective borrowers. As Chinese regulators tighten up the peer to peer lending sector, Fintech providers are moving in to help improve the service. ZestFinance is one of… Read More

InsurTech: P2Protect Seeks to Bring Sharing Economy to Insurance Users

P2P Protect Logo

Timothy Li of Kuber Financial and Tang Loaec of P2PConnect have joined together to create a new “P2P insurance JV” designed to bring “risk sharing” to American users. This is according to information provided by Li stating the pair decided to form a joint venture to… Read More

FlexyFoot Quickly Overfunds on Seedrs & Makes Deal With Huadong Medical Corporation

Flexyfoot 4

Flexyfoot, a UK-based startup that provides ferrules and walking aids, recently launched an equity crowdfunding campaign on Seedrs to raise £100,000. Within a matter of days, the company successfully secured its initial funding goal. The company has notably developed a patented designed suspension system on the… Read More

CoAssets Announces Plans to Host Stage Inaugural EPIC in Fuzhou, China

CoAssets EPIC Malaysia 2015

Following the success of the third Expo for Property, Investing & Crowdfunding (EPIC) event in Singapore, crowdfunding platform CoAssets announced plans to host a stage inaugural EPIC event in Fuzhou, China. EPIC is described as a 1-day event that informs SMEs and startups on financing option and… Read More

Virtuix & Hero Entertainment form Significant Joint Venture to Bring Omni to China & US

omni_product by Virtuix

Virtuix, creators of the Omni platform that pairs active virtual reality to games and more, has formed a joint venture with Hero Entertainment, creators of the largest first-person shooter (FPS) game in China.  This is a significant deal for Virtuix as it opens up the… Read More

Liverpool Signs Agreement with Chinese City Guiyang Labeled the “Capital of Crowdfunding”

Ellen Cutler headshot

The city of Liverpool has signed a Memorandum of Understanding (MOU) with the Chinese city of Guiyang, a community that has been labeled the “Capital of Crowdfunding.”  Guiyang is the capital of Guizhou Province in Southwest China. The agreement follows a visit to Liverpool by a… Read More

Baidu Adds More Stringent Requirements for Chinese Crowdfunding Platforms

Chinese Crowdfunding

Earlier this month Chinese search engine Baidu announced it would now require crowdfunding platforms to adhere to a strict set of qualifications designed to limit promotion from less reputable platforms. Baidu stated it would no longer open new accounts for crowdfunding platforms to access their… Read More

CoAssets’ First China Deal Successfully Funds

China Flag

Real estate crowdfunding platform CoAssets (NSX:CAX) announced on Tuesday its first deal in China has successfully funded through its local platform, CoAssets China, which was opened last month. According to CoAssets, the initiative was for the renovation of a private social venue in the Gulou District in Fuzhou,… Read More

China Fintech Round-Up

China Coin Money

Auto financing P2P platform Weidai.com received RMB 1 billion Series C Investment Founded in 2011, Weidai.com is China’s first and largest specialty P2P platform that focuses on providing secured automobile loans. It also provides used car financing services through partnerships with used car marketplaces. The company… Read More

Lendit China Rebrands as Lang Di Fintech. Adds PitchIt

Jason Jones and Ning Tang

Lendit is expanding its portfolio of activities this year by launching Lang Di Fintech, their inaugural Chinese conference.  Lang Di means “enlighten” or “inspiration” thus representing the future of finance in the largest Fintech market in the world. Lang Di Fintech will take place in… Read More

Paul Niederer Appointed Wealth Migrate Australia CEO

Paul-Niederer asks questions

Paul Niederer, former CEO of ASSOB, has been appointed CEO of Wealth Migrate’ Australian agency. Wealth Migrate is a global real estate crowdfunding platform. Niederer is a well-known proponent of internet finance having traveled the world on behalf of ASSOB – an early pioneer of… Read More

KoreConX Announces New Program to Help Equity/Debt Crowdfunding Portals Access Chinese Investors & Companies

China Flag

On Thursday, KoreConX  announced its new program that helps equity and debt crowdfunding platforms go truly global by accessing China’s accredited investor base and companies in need of funding. The program, Going Global Solutions, provides portals with a feasibility study of the marketplace, recommendations regarding the legal and regulatory framework,… Read More

Another One Bites the Dust: Chinese Police Shut Down P2P Lending Platform Esudai

fraud

Add Esudai to a growing list of fraudulent Chinese P2P lending platforms that are being shut down by the Chinese government.  Today Reuters reported that police in the Huizhou, Guangdong province, had detained 13 executives including legal representative and chairman Jian Huixing from the Guangdong Huirong… Read More