Asia

July 19, 2015 @ 11:52 pm By Midori Yoshimura  |  

    With China’s stock market crash still recent, the People’s Bank of China (PBC) released guidelines for the country’s rapidly burgeoning online finance market at the start of this weekend, outlined in a document published by the PBC.  The peer to peer lending industry in… Read More

July 18, 2015 @ 8:09 am By JD Alois  |  

  CoAssets, Southeast Asia’s first real estate crowdfunding platform, held its second Expo for Property, Investing and Crowdfunding (EPIC) in Singapore this past week. Organizers state that attendance doubled over year prior as interest in real estate crowdfunding has soared.  Over 900 attendees participated in… Read More

July 16, 2015 @ 4:04 pm By Erin Hobey  |  

Cocolico, an exclusive brand for children’s clothing collections made in France by Blue Poppies for international stores and department stores, recently launched its crowdfunding campaign on WiSeed seeking to raise €300,000, with a minimum €100 investment. Oohed and aahed for decades if not centuries, notable contemporary French-made children’s clothing… Read More

July 16, 2015 @ 8:22 am By Erin Hobey  |  

Cyber-security solutions, blockchain technology and behavioral analytics applications are some of the innovative services being developed by the seven financial technology entrepreneurs selected this year to participate in the 2015 FinTech Innovation Lab Asia-Pacific. Launched by Accenture (NYSE:ACN) in Hong Kong in June 2014, the FinTech… Read More

July 14, 2015 @ 11:50 am By JD Alois  |  

Luxe.Co & Fashion.VC have announced raising RMB 10 million (USD $1.6 million) via equity crowdfunding. According to the company, investors included ZhenFund led by Xu Xiaoping plus 12 angel investors.  Xiaoping is the founder of New Oriental a publicly traded company on the NYSE. Luxe.Co… Read More

July 9, 2015 @ 2:17 am By Midori Yoshimura  |  

  Qlipp, a smart tennis sensor that weighs only 8 grams, is now crowdfunding on Indiegogo, and has raised 90 percent of its $30,000 fixed funding goal. Developed by Singapore startup 9 Degrees Freedom, Qlipp offers insights into users’ speed, swing, ball spin and more, through real-time stroke… Read More

July 8, 2015 @ 1:52 pm By JD Alois  |  

The Korean National Assembly has passed a set of laws to boost economic growth and incorporated in the new legislation was an act that legalizes crowdfunding.  According to a report by G3 Partners based in Seoul, prior to these new rules entrepreneurs were limited to… Read More

July 8, 2015 @ 1:29 am By Midori Yoshimura  |  

  China has still not issued crowdfunding regulations, leading big developers to seek out legal advice when employing crowdfunding, according to a recent article in the South China Morning Post. Given that the mainland authorities have also not licensed any crowdfunding platform, industry experts suggest that the… Read More

July 7, 2015 @ 12:01 pm By JD Alois  |  

Singapore based real estate crowdfunding platform CoAssets will publicly trade shares on NSX, an Australian stock exchange. This comes as CoAssets announces expanding its platform into Australia.  According to a report from the company, CoAssets, the first crowdfunding site for real estate projects in Southeast Asia, will… Read More

July 7, 2015 @ 8:05 am By JD Alois  |  

Singapore based Crowdonomic has Rebranded as Crowdo as it Expands Across Asia. Launched in 2012, Crowdo has announced they will launch two platforms before year end.  As part of their regional expansion plan, Crowdo intends to launch a peer to peer lending platform in Indonesia… Read More

July 6, 2015 @ 12:39 pm By JD Alois  |  

MYBank, a new online only bank, is poised to challenge China’s state owned banks with its 100% digital, branchless banking operation that will serve customers 24 hours a day. This is one of China’s first privately owned internet banks as China pushes forward in the… Read More

June 27, 2015 @ 10:56 am By JD Alois  |  

One of China’s largest direct sales platforms JD.com (Nasdaq:JD), and US based ZestFinance, a have formed an agreement to launch a joint venture called JD-ZestFinance Gaia.  This new partnership is designed to support the development of consumer credit in China.  The combined initiative will incorporate ZestFinance’s… Read More

June 26, 2015 @ 10:30 am By Midori Yoshimura  |  

  As the CEO and founder of PhoenixICT, a leading crowdfunding hub, HongSin Kwek is among the organizers of Crowdfunding Asia, the first conference of its type focused on the Asian markets. Crowdfunding Asia held its first event in Singapore in 2014, and this year’s upcoming events include conferences… Read More

June 25, 2015 @ 11:31 am By JD Alois  |  

Amran Hassan, Head of Innovation at Maybank, Shares Insight into Maybank’s Innovative Approach Malaysia has been a leader in Asia in advocating, and legalizing, investment crowdfunding. Securities Commission (SC) Malaysia, the regulatory body that oversees the securities markets, has been a champion of new forms… Read More

June 24, 2015 @ 11:32 pm By Midori Yoshimura  |  

China’s crowdfunding and peer-to-peer lending markets have frequently featured in the news, as China seeks to decrease fraud in its rapidly expanding Internet finance world. Now, Beijing’s financial supervision agencies are using big data to crack down on illegal fundraising, with an online pre-warning platform already… Read More

June 24, 2015 @ 11:25 am By Samantha Hurst  |  

Earlier this year, Singapore Exchange (SGX) announced that it was planning to launch its very own equity crowdfunding platform as a vehicle to help raise capital for entrepreneurs and small businesses. It was set to partner with Singapore’s Clearbridge Accelerator, a venture capital and incubation firms specializing in… Read More

June 22, 2015 @ 10:15 pm By JD Alois  |  

Fundrise, a trailblazer in the real estate crowdfunding space, is looking to expand and China is high on the list.  It is a natural step for the platform as the largest investor in Fundrise is Renren, a publicly traded social media platform based in Beijing…. Read More

June 19, 2015 @ 12:55 am By Midori Yoshimura  |  

Update on a $150 million fundraising round in progress: Chinese online lender Dianrong.com is raising funds in a round that values the startup at about $1 billion, according to people familiar with the matter, notes BloombergBusiness. Investors include Standard Chartered Plc, a British multinational banking and financial services… Read More

June 17, 2015 @ 10:39 pm By JD Alois  |  

Djenee, a new company that has developed a “personal on-demand digital concierge service”, raised almost S$500,000 on the first day of equity crowdfunding on FundedByMe according to a company statement.  The platform called this funding round a “new standard for equity crowdfunding in Asia”. Djenee… Read More

June 15, 2015 @ 11:15 pm By JD Alois  |  

Leading peer to peer lending site LendInvest has received a £22 million investment from Chinese internet firm Beijing Kunlun. This is according to an article in the FT but was also referenced in a Board Meeting release from earlier this week. Christian Faes, co-founder and… Read More