Asia

January 25, 2015 @ 11:31 am By Midori Yoshimura  |  

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,… Read More

January 24, 2015 @ 9:01 am By Midori Yoshimura  |  

  Crowdcredit, founded by Tomoyuki Sugiyama, a former bond trader in Lloyds Bank’s Tokyo branch, is Japan’s first lending platform focused on only cross-border peer to peer lending, as P2P-Banking.com notes. The company, based in Tokyo, invests Japanese capital in credit markets in various Latin American countries, such… Read More

January 21, 2015 @ 11:43 pm By JD Alois  |  

Following a highly lauded crowdfunding event in Singapore in August of last year, Crowdfunding Asia is preparing for a summit in Thailand scheduled to take place on February 10th and 11th in the capital city of Bangkok. The theme of the conference is “The Ardent… Read More

January 19, 2015 @ 2:56 pm By JD Alois  |  

Jason Best, one of the founders of Crowdfund Capital Advisors and a staunch advocate of investment crowdfunding, recently visited multiple countries in Asia spreading the crowdfunding gospel. During this trip he spent some time in Malaysia, a country that is pushing forward with investment crowdfunding as… Read More

January 19, 2015 @ 1:23 pm By Samantha Hurst  |  

New Hong Kong and Shanghai-based crowdfunding platform Kliptap is ready to become the ultimate funding tool for social causes in Asia. According to e27, Kliptap recently became a graduate from Chinaccelerator’s batch VI and received $30,000 in funding for 6% in equity. The new platform… Read More

January 13, 2015 @ 1:07 pm By JD Alois  |  

  Woomentum, a crowdfunding & crowdsourcing platform for female entrepreneurs, has just launched a sister site called HerCoLab.  Woomentum is the creation of Mouna Aouri, an engineer and mother of two based in Singapore.  Woomentum’s mission is to support women during the most challenging phases… Read More

January 12, 2015 @ 7:54 am By JD Alois  |  

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… Read More

January 11, 2015 @ 7:46 pm By Midori Yoshimura  |  

Taiwan’s Financial Supervisory Commission (FSC) plans to create a new crowdfunding platform, with a website active as soon as March 2015. According to a report in the China Post, The site will help young entrepreneurs raise money, as well as be a type of “personal venture… Read More

January 8, 2015 @ 11:55 pm By JD Alois  |  

Hong Kong’s first peer to peer lending platform WeLend has now closed a Series A funding round topping off at $20 million. The funding round was originally started in June when WeLab raised $14 million.  The additional $6 million was just added as new investors… Read More

January 7, 2015 @ 11:32 am By JD Alois  |  

Shanghai-based online financial services firm Dianrong.com stated it has entered into an investment agreement with Northern Light Venture Capital (NLVC), under which the company has received “tens of millions of dollars in investment from NLVC”. Dianrong.com states it has become a fast-growing peer-to-peer (P2P) lending website… Read More

January 5, 2015 @ 8:30 am By Jor Law  |  

Billions of dollars have flowed into U.S. companies through a little known program known as “EB-5”.  EB-5 is an immigrant investor program created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors.  The program is administered… Read More

December 30, 2014 @ 8:08 am By Erin Hobey  |  

In an international effort, the Malaysian media platform Vulcan Post joined forces with Swedish crowdfunding platform FundedByMe and Korean dating app Between in an effort to raise cash funds for flood victims in Malaysia; more than 132,000 people have been forced to evacuate and crowdfunders… Read More

December 29, 2014 @ 3:28 am By JD Alois  |  

Southeast Asia’s first real estate crowdfunding platform CoAssets has said they intend on launching a print publication covering the crowdfunding space.  Crowdfunders is expected to see its first publication in January and will be available in all major Singapore bookstores. Getty Goh, co-founder and CEO… Read More

December 27, 2014 @ 4:01 am By JD Alois  |  

AutoChina International released its Q3 results along with 9 month results for calendar 2014.  Total revenues for 9 months ended in September were stated to be $591.3 million, a 40% increase over same period last year of $419.8 million.  AutoChina International Limited is a provider… Read More

December 26, 2014 @ 5:56 am By JD Alois  |  

Singapore based peer to peer lending platform MoolahSense curates the companies that seek funding on its platform.  CEO and founder Lawrence Yong recently explained the MoolahSense approach while visiting the studios of CNBC Asia during a segment of The Tech Call.  The platform made its debut… Read More

December 23, 2014 @ 1:27 pm By Erin Hobey  |  

KBBEX, a Hong Kong-based Bitcoin Exchange Platform, has formed a strategic partnership with the Taiwanese Bitcoin Platform BitoEX, to supply bitcoins in more than 5000 convenience stores located in Taiwan. Consumers may now buy bitcoins at all FamilyMart convenience stores in Taiwan. The alliance enables the development… Read More

December 3, 2014 @ 8:43 am By JD Alois  |  

JD.com is moving quickly to leverage their new crowdfunding platform initially titled  “Coufenzi” by signing an agreement to partner with Grameen China, a non-profit and non-governmental group dedicated to eliminating poverty.  JD Crowdfunding will be used to raise money to establish “ground operations” and then… Read More

December 3, 2014 @ 8:15 am By JD Alois  |  

Misfit Shine is a wearable activity tracker that successfully raised funding on Indiegogo in early 2013.  The company went the crowdfunding route not for the money but for the marketing exposure for the sleek device.  The product closed its crowdfunding campaign with just shy of… Read More

December 1, 2014 @ 2:20 pm By JD Alois  |  

Alibaba founder Jack Ma and Pony Ma, founder of Tencent Holding have purchased shares in large China insurer Ping An.  According to a report in the FT (subscription), the pair participated in a private placement by Ping An where the company raised $4.7 billion this past… Read More

November 28, 2014 @ 11:55 am By JD Alois  |  

3D Printer Includes Scanner & Laser Engraver. Just when you thought the 3D printing craze had moved beyond crowdfunding and straight to retail, another really cool project comes along.  FLUX 3D printer is an “all in one” device that is crowdfunding on Kickstarter now and… Read More