Asia

June 2, 2015 @ 10:49 pm By Samantha Hurst  |  

In an attempt to gain full access in the top-secret Trans-Pacific Partnership (TPP) trade deal, the documentation leaking website, WikiLeaks, has launched a crowdfunding campaign on its own platform to raise $100,000 reward for the remaining chapters of the TPP. The TPP is a “proposed regional regulatory and investment treaty”…. Read More

May 30, 2015 @ 8:00 pm By JD Alois  |  

SolarPVExchange is the newest entry into the renewable energy crowdfunding space.  Launched on May 28th, the company just held its “Sunvest” launch party in Singapore this past week.  The platform is a crowdsource / crowdfunding hybrid and claims first in the region.  The site allows… Read More

May 28, 2015 @ 12:40 am By Midori Yoshimura  |  

A major Chinese peer-to-peer lender, Dianrong.com, now claims a valuation of “around” $1 billion, due to its latest round of fundraising, according to the company’s CEO, Soul Htite, in a conversation with CNBC (Reuters also contributed to the story). U.S. investment firm Tiger Global was the source… Read More

May 27, 2015 @ 8:27 am By JD Alois  |  

Three crowdfunding platforms have come together in a strategic alliance to boost market dominance in Southeast Asia.  CoAssets, FundedByMe, and New Union each based in Singapore, specialize in different aspects of Crowdfunding. CoAssets is targeting the real estate vertical.  New Union is a debt based… Read More

May 25, 2015 @ 11:08 am By Pawee Jenweeranon  |  

The Importance of Equity Crowdfunding in Thailand On 16 May 2015, the notification of the Capital Market Supervisory Board such as the notification no.: TorChor. 7/2558 regarding regulations on offer for sale of securities through electronic system or network TorChor. 8/2558 regarding rules, conditions and… Read More

May 23, 2015 @ 7:43 pm By JD Alois  |  

The Payment & Clearing Association of China (PCAC) has placed a number of $53.76 billion (321.19 billion yuan) in P2P loans for all of 2014 – an increase of 268.83% over 2013.  This information was published in multiple reports PCAC was organized with the approval of… Read More

May 22, 2015 @ 11:24 am By Erin Hobey  |  

Russian fin-tech venture capital firm Life.SREDA has announced that Victor Chow, former senior cloud computing business leader of Huawei Technologies, has been brought on board as the CEO of InspirAsia Accelerator, its Singapore-based Asia-focussed accelerator. Chow’s also served as a mentor for the fin-tech accelerator Startupbootcamp fintech. According to a statement by the company, Chow’s… Read More

May 22, 2015 @ 8:30 am By Midori Yoshimura  |  

“Get smart, fund art”: With a playful slogan (translated) and name that reminds this writer of a children’s toy, Tumblbug, a South Korean crowdfunding platform, is taking big steps in its development. The company just announced that it has raised KRW 17 billion (just over US… Read More

May 21, 2015 @ 11:27 pm By JD Alois  |  

NetEase (NASDAQ: NTES), one of China’s leading Internet and online game services providers, has announced that is subsidiary Ujia E-commerce Co., Ltd., has signed an agreement with Everbright Securities Co., and HNA Group to form a joint venture company. The joint venture is described as having a primary… Read More

May 21, 2015 @ 10:56 pm By JD Alois  |  

Auto China’s K-Lend, a peer to peer lending platform for vehicle financing, has just published an update for Q1 2015 operations. The Company announced that it recorded 1,180 new leases of commercial vehicles (primarily Class 8 heavy trucks) as part of the Company’s sales-type leasing… Read More

May 20, 2015 @ 8:00 am By JD Alois  |  

Peer to peer lender China Rapid Finance has originated an astounding 1.1 million in loans to Chinese borrowers in just three months time – as of April 30th. The impressive number is indicative of the demand for capital in the largest P2P lending market in… Read More

May 15, 2015 @ 3:55 pm By JD Alois  |  

Just another sign that internet finance is hot, and probably too hot, in the largest peer to peer lending market in the world. According to a report, Shanghai Doulon Industry announced it would be changing its business name to P2P Financial Information Service.  An announcement… Read More

May 14, 2015 @ 11:26 am By Erin Hobey  |  

Technological Innovation in Health Tech, Robotics and Smart Sensors Take Stage at HAX’s Accelerator Demo Days 15 hardware startups culminated an intensive 111-day accelerator program by revealing their products at HAX’s sixth annual Demo Day (formerly known as HAXLR8R). Each company  spent three months in Shenzhen, China,… Read More

May 14, 2015 @ 10:38 am By Erin Hobey  |  

The fintech accelerator Startupbootcamp FinTech Singapore has appointed Steven Tong as a new managing director.  Tong,  formerly of Infocomm Investments and the London-based accelerator, also welcomed three new team members from PwC Singapore, Pix Vine Capital and Jungle Ventures.  Tong  brings 15 years’ worth of experience working with financial technology companies… Read More

May 12, 2015 @ 5:51 pm By JD Alois  |  

With final regulations expected this coming June, details continue to trickle out regarding the approach the China Banking Regulatory Commission (CBRC) will take in cracking down in a rather chaotic peer to peer lending industry in China. China is presently the largest peer to peer… Read More

May 8, 2015 @ 12:27 pm By Chen Hung-Yi  |  

  Crowdfunding is estimated to be commencing this May (2015) in Taiwan. To encourage the development of start-ups and SMEs, the financial authority in Taiwan, which is called Financial Supervisory Commission (FSC), will provide a regulatory structure for crowdfunding. Since the Security Act in Taiwan requires the… Read More

May 5, 2015 @ 2:55 pm By JD Alois  |  

China is the largest peer to peer lending market in the world originating over $40 billion in loans for 2014.  While estimates vary, there are over 1500 p2p lenders in the country today – a number that is expected to decline once the government releases… Read More

May 4, 2015 @ 12:08 am By JD Alois  |  

Ning Tang, CEO and founder of CreditEase – the first peer to peer lending platform in China, recently shared “ten thoughts” about the evolution of P2P lending and online finance. CreditEase was founded in 2006 prior to P2P lending becoming a popular term, the CreditEase… Read More

May 1, 2015 @ 4:25 pm By JD Alois  |  

AutoChina International just reported 4th quarter 2014 financial resorts. AutoChina is a “leading provider of innovative financing solutions for China’s transportation industry”. The spread between quarter close and results may be slow for the US, but is typical for China. AutoChina (OTCBB: AUTCF) announced decent… Read More

April 30, 2015 @ 12:26 am By JD Alois  |  

The number of complaints regarding peer to peer lending fraud in China continues to escalate, according to a report published by government officials. According to Tech QQ (part of Tencent), the Ministry of Public Security states that 8,700 cases of illegal fundraising were reported in… Read More