Asia

January 18, 2016 @ 8:20 am By JD Alois  |  

Crowdo received one of the few licenses to operate last year granted by Securities Commission Malaysia. Now Crowdo has launched its equity crowdfunding platform claiming it is best positioned to provide accesss and deal flow to both investors and entrepreneurs. Crowdo states it has the… Read More

January 18, 2016 @ 6:00 am By Spencer Li  |  

The China Banking Regulatory Commission (“CBRC”) issued the highly anticipated draft rules for online lending on December 28, 2015. Ever since the State Council guidelines (“the Guidelines”) for the Chinese internet finance industry were issued in July, rumors about the timing of the online lending… Read More

January 17, 2016 @ 5:24 pm By JD Alois  |  

DT Asia Investments Limited (NASDAQ: CADT; CADTW; CADTU; CADTR) and Adrie Global Holdings Limited (DBA as China Lending Group, have joined together to create China Direct Lending Corporation. Following the closing of the arrangement, the new entity will trade under the ticker of CDLC. China… Read More

January 15, 2016 @ 5:45 pm By JD Alois  |  

Fundnel, a “collaborative investment” crowdfunding platform has officially launched following the successful funding of six deals totalling US $ 5 million. After completing their soft-launch opened only to insiders, the Singapore-based portal is ready to go and allow access to equity, debt and revenue sharing… Read More

January 14, 2016 @ 1:39 am By Midori Yoshimura  |  

Based in Jakarta, Indonesia, a new marketplace for peer-to-peer (P2P) lending officially launched today to give Indonesia’s small and medium enterprises (SMEs) greater access to funding by means of loans pooled from crowdfunding, according to a story in the JakartaGlobe. Modalku offers companies quick access to non-collateral loans with interest rates between… Read More

January 12, 2016 @ 4:21 pm By JD Alois  |  

Industry representatives from the two largest economies in the world, China and the United States, will gather in San Francisco later this month to discuss the future of P2P / marketplace lending.  The conference is organized by Sync US International (Chi Mei International) a bilateral “resource”… Read More

January 12, 2016 @ 9:30 am By Benjamin Twoon & Justin Chow  |  

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

January 12, 2016 @ 2:58 am By Midori Yoshimura  |  

In Shanghai and Shenzhen, administrations for industry and commerce have suspended the registration of Internet finance platforms, according to the Beijing Business Today in ECNS.cn. The publication also notes that in Beijing, the Administration for Industry and Commerce also released a similar statement. However, this has not… Read More

January 9, 2016 @ 3:13 am By Midori Yoshimura  |  

Yirendai, an online consumer finance marketplace in China, on Thursday announced the appointment of Chaomei Chen, former chief risk officer of Lending Club, as a member of the company’s Advisory Committee, effective Jan. 7, 2016, according to a recent press release. Chen will provide strategic advice and insight to… Read More

January 6, 2016 @ 12:28 am By Midori Yoshimura  |  

Japan’s banks are beginning to say konnichiwa with more enthusiasm to Fintech: Mitsubishi UFJ Financial Group Inc., a major Japanese bank, has created a unit to research and develop new financial technologies, according to sources cited in a recent Bloomberg story. A spokesman for Mitsubishi UFJ in Tokyo, Taiki… Read More

January 4, 2016 @ 7:48 am By JD Alois  |  

Singapore-based Silver Bullion has announced it is now facilitating S$1 million per month in bullion secured peer to peer loans. Founded in 2009, Silver Bullion just started offering direct lending in August of 2015. The company was conceived during the height of the financial crisis… Read More

January 3, 2016 @ 9:50 pm By JD Alois  |  

The China peer to peer lending market is the largest in the world. One reason this is so significant is the fact this incredible amount of money is driven by true peers (small investors) as little institutional money has found its way into the online… Read More

January 3, 2016 @ 2:07 pm By Spencer Li  |  

A flurry of internet finance-related regulatory documents were issued in China last week just before the New Year. On December 28th, the People’s Bank of China (“PBOC”) issued the final rules on online payments while the China Banking Regulatory Commission (“CBRC”) issued the draft rules… Read More

December 31, 2015 @ 11:23 am By JD Alois  |  

The shift from traditional finance to internet finance is a global phenomenon. Just as the print industry has cratered as readers and advertisers have swiftly migrated away from dead trees to digital content products, all forms of finance is moving online. Korea is no different…. Read More

December 30, 2015 @ 12:26 pm By JD Alois  |  

The Chinese online lending industry continues to reflect upon the just announced rules proposed in the last week.  There is a huge shakeout coming in China as some platforms will probably cease to exist. CCTV has filed a report reviewing the rules, highlighting the major… Read More

December 30, 2015 @ 11:37 am By JD Alois  |  

This is a pretty powerful statement coming out of China in response to the recently announced peer to peer lending rules.  Xu Hongwei, CEO of Shanghai-based Yingcan Group, a research company that tracks the myriad of P2P lenders in China.  As quoted in China News, Xu Hongwei… Read More

December 29, 2015 @ 9:59 am By JD Alois  |  

In China, there is an estimated $21 trillion held in savings deposits.  This incredible sum was described in Bloomberg as one of the most significant financial opportunities that will take place as capital borders open in the most populous country in the world. HengXinLi, a… Read More

December 28, 2015 @ 8:56 am By JD Alois  |  

As has been widely expected for some time, China regulatory authorities revealed proposed rules to reign in the fast growing peer to peer lending industry.  While online lending has filled a serious void in providing access to capital the lack of rules have created an… Read More

December 27, 2015 @ 5:33 pm By JD Alois  |  

The video report from China News, states risk is at an alarming rate in China for investors in peer to peer lending. Chinese authorities recently put the hammer down on Ezubo (sometimes spelled Ezubao), shuttering the firm and whisking away its Chairman. The report states… Read More

December 26, 2015 @ 10:53 am By JD Alois  |  

Peer to peer lending iQuianjin states that in a survey of 5000 investors, P2P lending ranked number 3 in popularity. The research was completed with the assistance of AdMaster a marketing / data technology company.  According to the information, as reported by China News, for… Read More