Tagged: china

Crowdfunding Asia China Summit 2015

CrowdFunding Asia™ is structured and designed by Phoenixict™ Pte Ltd and the Crowd who share the same vision of serving the community and startups for all great reasons. The believe of Crowd Power provides the Crowd Wisdom to drive Crowd Economy through the options of Crowd Funding to realize idea into business and to exercise… Read More

Basketball Star Yao Ming Crowdfunds Napa Valley Luxury Wine Brand, Yao Family Wines, With China and US Distribution

Yao Ming Wine

If the Chinese characters on your bottle of very fine wine recall bygone basketball games, here’s to Yao Ming. Luxury wine brand Yao Family Wines, founded by Yao Ming, retired basketball star with the Houston Rockets and a global humanitarian, is now crowdfunding on Crowdfunder, with a $3 million goal. Yao Family Wines develops, produces, markets and sells Napa Valley… Read More

Hong Kong Media Tycoon Moves into Online Finance. TOM Group Gets into P2P Lending

1_邮乐前台照 Ule

  Media conglomerate TOM Group is moving into the online finance space.  The entity, controlled by Hong Kong tycoon Li Ka-shing, is set to expand its ecommerce operation, Ule, into peer to peer lending and online banking in an “aggressive” push via a partnership with WeLab. Tom Group is a publicly traded Chinese-language media conglomerate… Read More

FlyShark Smartwatch Makes Its U.S. Debut with Kickstarter; Surpasses $10,000 Goal Within Hours of Campaign Launch

FlyShark Smartwatch 1

The FlyShark Smartwatch is making its debut in a brand new market. In order to produce and bring the smart watch to the market, the creators of the watch have launched Kickstarter campaign. Originally seeking only $10,000, the project captured the initial goal and raised over $33,000 within hours of its launch. According to the FlyShark… Read More

Postal Savings Bank of China May Sell Minority Stake Before a Possible Listing

tiff infomation

One of China’s largest lenders, and potentially one of the world’s largest, based on the number of branches, is in talks with potential investors about selling a minority stake before a possible listing, according to a recent article in the South China Morning Post. The Postal Savings Bank of China has also been considering entering the… Read More

CreditEase CEO: “Rural Areas are Strategically Important”

CreditEase

Peer to peer lending is booming in China.  There are an estimated 1575 lending platforms, according to Wangdaizhijia.  But most of these P2P companies are targeting the urban and sub-urban markets.  The exception to this is  CreditEast and Eloancn, according to a recent report. Tang Ning, CEO of CreditEase Corp, was recently quoted on greater… Read More

Fintech Startup Azimo Introduces Money Transfer Services to China

Azimo

 Azimo, the online money transfer service, has announced the launch of its world-class money transfer service to China, enabling customers to send money to friends and family at low-cost. The company introduced its wiring service to Thailand earlier this month.  The new service will provide Azimo’s potential 350 million European customers with the ability to send money direct… Read More

Chinese P2P Lender with Most Bad Debt Plans Public Listing

Hongling Capital

Earlier this month Hongling Chuangtou Ecommerce, which operates my089.com P2P lending site, disclosed that an $11 million (70 million yuan) debt had gone bad.  Now the platform explains it will publicly trade shares by using a “backdoor” listing with a listed clothing company in Fujian Province, according to the company’s founder Zhou Shiping.  The company… Read More

P2P Lenders Partner with China Minsheng Bank to Manage & Safeguard Investor Funds

Jimubox

Jimubox, a peer to peer lending platform, has formed an arrangement with China Minsheng Bank to help protect investors funds.  The bank will now be used to conduct all financial transactions and will hold investors funds.  RenRenDai and Minshengyidai, two other peer to peer lending platforms, have also signed arrangements with Minsheng Bank. According to… Read More

Monexo Introduces its P2P Platform: CFO Mukesh Bubna Comments on Trends

monexo

Monexo recently launched its peer-to-peer (P2P) lending platform in Hong Kong.  Co-founder, Mukesh Bubna, enters the space with 20 years experience in consumer banking throughout Asia,  including 18 years at Citibank in Asia where he spent 10 years in product and marketing. Prior to that he was CFO, and going back even further built up Citibank’s entire back-end operations and… Read More

P2P Lender Yinfu Gold Corporation Acquires Dongguan YouDai Financial Information Services

yinfu gold

Yinfu Gold Corporation (“ELRE”) (OTC PINK:ELRE) today announced that it is in the process of acquiring Dongguan YouDai Financial Information Services Co., Ltd (YouDai), a P2P lending platform, from Eternal Fairy International Ltd., (EFI), a British Virgin Island corporation. ELRE has executed an agreement to acquire 100% of the shares and assets of EFI for $600… Read More

Lending Club CEO Renaud Laplanche Talks Alibaba Partnership (Video)

Renaud Laplanche on CNBC

Lending Club (NYSE: LC) founder and CEO Renaud Laplanche is making the rounds talking up his most recent partnership.  Earlier this week Lending Club and Alibaba announced a unique arrangement where peer to peer lending platform would provide loans for US based companies that purchase from Chinese firms. Alibaba(NYSE: BABA) has set up new page on their site… Read More

Lending Club & Alibaba Form Unique Partnership to Finance US Businesses Buying from China

Alibaba e loan Lending Club

Alibaba (NYSE: BABA), the China based internet conglomerate, has formed a partnership with Lending Club (NYSE: LC), the largest peer to peer lender in the world.  According to multiple reports, the relationship would facilitated US based businesses to receive lines of credit from $5000 to $300,000 to purchase products from China.  Terms on the loans were… Read More

China: Draft Regulations Published for Equity Crowdfunding as ShareIn Partners with BOP to Expand

China Yuan Renmibi

BOP Consulting and Equity Crowdfunding Platform ShareIn Poised to Offer Combo UK / China Portal An English translation of draft policy for equity crowdfunding in China has made its way to the pages of BOP Consulting (see below).  Following a period of research and consultation with industry, the CSRC (China Securities Regulatory Commission) and Securities… Read More

Ouya Gets New Life with $10 Million Investment from Alibaba

OUYA GAME CONSOLE

The Wall Street Journal has announced that miniature Android gaming console, Ouya, was given a much needed funding boost from Chinese e-commerce company Alibaba. Sources revealed that Alibaba invested $10 million in Ouya last month and the two companies have discussed a plan to incorporate the device’s software and library of more than 1,000 into Alibaba’s… Read More

Welcome to the Blacklist: Chinese Credit Agency Releases Its First Internet Finance Blacklist and Early Warning List

China Yuan Renmibi

Chinese credit rating agency Dagong recently released its first internet finance blacklist and early warning list, according to a company statement. Dagong stated, “the number of peer to peer platforms that appeared to have various risks such as blocked withdrawals, platform closure and flight is 275, which is 3.6 times that of last year. Last… Read More

Playing Copycat Doesn’t Pay Off Long-term: Lending Club Co-founder Soul Htite on China’s Online Lending Industry

DIANRONG.COM

Chinese online ventures rushing into the online lending industry may need to prepare themselves for a Groupon-style fall, suggested Soul Htite, co-founder of the world’s largest online loan broker, Lending Club, in a recent Bloomberg interview. Htite is also the CEO of peer-to-peer lender Dianrong.com, which says it’s it has brokered more than 1 billion… Read More

Crowdfunding Mailbox: SONICable Charges Your Phone Twice as Fast, Sugr Cube Wireless Speaker & iCamPro Tracks Intruders

Crowdfunding Mailbox Featured 1.17.15

Three hardware campaigns for this week’s Crowdfunding Mailbox with one of them scheduled to end tomorrow (so you better hurry). Amaryllo International, based in the Netherlands, has a crowdfunding hit on their hands.  Their iCAMPro “intelligent security robot” was set up to raise $1000 on Indiegogo and it stands at over $227,000 today. So this is… Read More

Australian Crowdfunding Platform Pozible Wraps Up a Successful 2014

Fireworks Cannes France

It may not be in your mailbox, but Australia-based crowdfunding platform Pozible just posted a thank-you letter to the community, wrapping up a busy 2014. The company hosted more than 3,000 projects, raising AU$14,151,243—a 49 percent increase year on year. Of those 3,000-plus projects, Pozible’s Food and Drink and Social Enterprise categories grew more than… Read More

Lenovo is Expanding into Peer to Peer Lending

EloanCN

Legend Holdings, the holding company of Lenovo computer, is expanding into peer to peer lending and other forms of finance.  The investments are part of an overriding strategy to both acquire and grow core assets while simultaneously boosting growth with non organic expansion.  Legend hopes to become a publicly traded holding company within the next two… Read More