Tagged: hong kong

Standard Chartered & SuperCharger Accelerator Invite Global Fintech Firms to Apply

supercharger-fintech-accelerator-grads

Standard Chartered Bank and Supercharger, a Hong Kong-based accelerator, have opened up applications for global Fintech firms to participate in the  “SuperCharger FinTech Accelerator 2.0”, a 12-week innovation programme aimed at helping promising FinTech companies grow their footprint in Asia. The very first round saw 160… Read More

Chinese Fintech Company WeLab Secures $25M Credit Facility from ING Bank to Help Fuel Hong Kong Growth

Simon Loong

WeLab, a Chinese-based fintech company, announced last week it has secured a credit facility of $25 million from ING Bank as part of its Hong Kong expansion and enable the company to meet rapidly growing demand for its loans in Hong Kong. Sharing details about the credit… Read More

Hong Kong Monetary Authority Announces Fintech Innovation Hub & Supervisory Sandbox

Hong Kong Asia

Earlier this week, chief executive of the Hong Kong Monetary Authority, Norman T.L. Chan, announced the organization is set to collaborate with the Applied Science and Technology Research Institute (ASTRI) to set up its own Fintech Innovative Hub. Chan revealed that the Fintech Innovation Hub… Read More

HKMA Introduces New Initiatives: FinTech Innovation Hub and FinTech Supervisory Sandbox

hong kong

The Hong Kong Monetary Authority (HKMA) has unveiled a series of policy initiatives for banks to embrace technology, and changed the city’s tax regime to attract corporate treasury departments, as it sharpens its edge to compete with Singapore and Tokyo as Asia’s financial centre, reported… Read More

Brief: Kickstarter Opens Doors For Hong Kong & Singapore Project Creators

open sign

On Tuesday, crowdfunding giant Kickstarter announced Hong Kong and Singapore project creators may now launch campaigns on its funding portal. This news comes nearly one month after the Kickstarter team revealed their plans for the two countries. ? Creators in Singapore & Hong Kong can… Read More

Brief: Kickstarter Revs Up for Late August Hong Kong Debut

hong kong

Fresh after announcing its foray into Singapore, Kickstarter is expanding to Hong Kong this month, reported the South China Morning Post, aiming to launch by the end of August. A banner greets future backers on Kickstarter’s new Hong Kong website. Two key rivals of Kickstarter already crowdfunding… Read More

LendIt & AMTD Group Partner on Hong Kong Investment Summit

Hong Kong International Airport

LendIt and AMTD Group, a diversified financial service firm based in Hong Kong, have announced they are joining together to host the “first” Global Fintech Investment Summit in Hong Kong later this month. LendIt stated that over 80 Asian investors and 35+ international fintech companies… 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

Asia Pacific Research: Dramatic Growth in Alternative Finance is Fueled by Huge China Market

South East Asia at Night

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

Chinese VC Firm Pando Group Invests $2M In Israeli Fintech Hub ‘The Floor’

Moises Cohen the floor

Israel’s fintech scene is a can’t-miss these days. As a recent example, Chinese venture capital firm Pando Group has invested US$2 million (HK$15.53 million) in Israeli financial technology (fintech) hub The Floor in Tel Aviv, notes the South China Morning Post. The funds support the creation of… Read More

Thomson Reuters Links with Hong Kong Fintech Accelerator SuperCharger

supercharger

Thomson Reuters,  a leading source of global news and information for professional markets, announced its partnership with FinTech accelerator SuperCharger to bring technology and market data access to FinTech firms undergoing its Hong Kong based program. “Hong Kong continues to be a leading and dynamic… Read More

Fundnel Goes Big. Investment Crowdfunding Platform Provides Access to Capital for ASEAN SMEs

Singapore Marina Prominade

  Fundnel (pronounced like Funnel) is one of several investment crowdfunding platforms that have launched in Singapore over the past year. But even though there are a growing number of sites entering the internet finance space, Fundnel claims the title of Asia’s first collaborative fundraising platform… Read More

The Equity Crowdfunding Bandwagon: South East Asia Jumps On Board

South East Asia Equity crowdfunding

Southeast Asia (SEA) represents a burgeoning regional economy comprising of 11 countries with a consolidated GDP of US$2.57 trillion (that’s approximately 15% the size of the US economy), and a combined population of 620 million people. It’s no wonder that there’s a buzz around the… Read More

Exploding Hoverboards Cause Havoc for Some Products Shipping from China

Ravean Gloves

Exploding “Hoverboards” are everywhere in the news these days. Craptaculous products by manufacturers with questionable quality control have placed the entire sector under scrutiny.  Recently an apartment in Hong Kong was torched by a combusting Hoverboard leaving residents homeless. The Lithium battery “exploded several times”…. Read More

Expect to See a Significant Increase in Crowdfunding Projects by Asian Inventors in 2016

Hong Kong Asia

Crowdfunding continues to grow globally. The largest rewards platform, Kickstarter, has hosted close to 100,000 successfully funded projects and has assembled a community of almost 10 million backers. It has been aggressively expanding internationally this year. Some studies suggest that most of the growth in… Read More

EY FinTech Adoption Survey: More Millennials Tapping P2P, Online Payments and Investments; Fintech Is Here to Stay

FinTech and Money

15.5% of digitally active consumers currently use financial technology products Payment services are the most popular product offering Users are younger, wealthier and increasingly urban With 29.1%, Hong Kong has the highest rate of FinTech use of all surveyed markets  “Higher-income individuals are some of the… Read More

Monexo CEO: It is Time for China to Put P2P Regulations in Place

China Largest peer to peer lending market

Monexo is a Hong Kong based peer to peer lending platform that seeks to provide financing to SMEs in the region. Founded by Mukesh Bubna, a long-time Citibank executive, Bubna recently commented on the investigation into Ezubo – a China-based peer to peer lender.  Ezubo (sometimes spelled… Read More

Alibaba Continues Push for World Domination with Purchase of South China Morning Post

Alibaba Corporate Offices China

Internet juggernaut Alibaba opened their wallet a tiny bit and purchased the assets of the South China Morning Post (SCMP) last week. The company stated it was a strategic move in recognition of providing insight into one of the world’s largest economies. One of the… Read More