Tagged: hong kong

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

Crowdfunding Mailbox: Skriware Simplified 3D Printing, Bolo Rolling Knife & Mokacam Super Small 4K Camera

Crowdfunding Mailbox 12.6.15

After two years of designing and building, the Skriware 3D printer is ready to go.  And so what? There are tons of 3D printers on the market today. Head on over to Amazon and search and hundreds of printers show up. 3D printing is nearly… 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

Brief: Bondora Opens European Personal Loan Marketplace Platform to U.S. Accredited Investors

Bondora Management

Bondora, a pan-European marketplace lender, opens to accredited investors from the United States, Canada, Mexico, Brazil, South Africa, India, Hong Kong, Singapore, Japan and Australia. The platform now allows global accredited investors to invest directly into personal unsecured loans across three European markets including Spain,… Read More

TouchJet WAVE Secures Over $400,000 on Indiegogo; Forms Partnership With Seveco to Manufacture New Interactive Product

Touchjet 2

Seveco Global Ltd. and Touchjet announced today that they have formed a partnership to develop and manufacture the Touchjet WAVE. Seveco will assist from initial conception through manufacturing, leveraging its expertise in flexible line manufacturing, real-time production and quality monitoring. In addition to this partnership,… Read More

China Looks to Crowdfunding to Finance Clean Energy

Sun Solar Sunset Boat

Developer of solar projects Kong Sun Holdings based in Hong Kong went to the banks to finance a project in Mongolia.  Banks said no thanks so Kong Sun went online and raised a $161 million loan from Solarbao.  This is according to a recent report… Read More

Hong Kong’s Peer-to-Peer Lending Marketplace Monexo Joins DBS Accelerator

Mukesh Bubna

Hong Kong-based, Monexo Innovations Limited, announced on Wednesday that it has been selected by DBS Accelerator, powered by Nest as the only Peer to Peer lending marketplace startup in the lineup. Monexo is an online peer-to-peer (P2P) lending marketplace inspired by the successful American version, LendingClub. The three-month… Read More

Burford Capital Launches Hong Kong Litigation Financing Business

Christopher Bogart

Burford Capital, a global finance and professional services firm focused on law, announced on Thursday its launch in Hong Kong and the formation of a new Burford Asia Advisory Board. Burford’s launch in Hong Kong positions it to meet growing demand for litigation and arbitration… Read More

Global Real Estate Crowdfunding Site Wealth Migrate Looks to Asia for Rapid Expansion

Wealth Migrate China

Scott Picken is based in South Africa but he clearly thinks big when considering the addressable market for his real estate crowdfunding platform Wealth Migrate. It is his opinion that banking, insurance, real estate – basically all aspects of finance –  will be revolutionized by… Read More