Asia

February 9, 2015 @ 1:11 pm By Erin Hobey  |  

Yinfu Gold Corporation (“ELRE”) (OTC PINK:ELRE) today announced that it is in the process of acquiring Dongguan YouDai Financial Information Services Co., Ltd (YouDai), a P2P lending platform, from Eternal Fairy International Ltd., (EFI), a British Virgin Island corporation. ELRE has executed an agreement to acquire… Read More

February 9, 2015 @ 11:06 am By Samantha Hurst  |  

On Monday (February 9th), CoinDesk announced that Hong Kong bitcoin exchange, MyCoin, has allegedly shut down and even took off with as much as $386 million in investor funds. The situation came to light on Friday when nearly 30 people claimed to be victims of the… Read More

February 4, 2015 @ 12:20 pm By JD Alois  |  

Lending Club (NYSE: LC) founder and CEO Renaud Laplanche is making the rounds talking up his most recent partnership.  Earlier this week Lending Club and Alibaba announced a unique arrangement where peer to peer lending platform would provide loans for US based companies that purchase from Chinese firms…. Read More

February 4, 2015 @ 9:07 am By Midori Yoshimura  |  

Adrenaline may get the job done, but unfortunately, it doesn’t pay the bills that often come afterwards. After the initial shock of having an 18-meter tsunami destroy his family’s soy sauce factories in Japan and kill an employee, the future of Michihiro Kono’s company, founded… Read More

February 3, 2015 @ 7:22 am By JD Alois  |  

Alibaba (NYSE: BABA), the China based internet conglomerate, has formed a partnership with Lending Club (NYSE: LC), the largest peer to peer lender in the world.  According to multiple reports, the relationship would facilitated US based businesses to receive lines of credit from $5000 to $300,000… Read More

February 2, 2015 @ 3:51 pm By JD Alois  |  

BOP Consulting and Equity Crowdfunding Platform ShareIn Poised to Offer Combo UK / China Portal An English translation of draft policy for equity crowdfunding in China has made its way to the pages of BOP Consulting (see below).  Following a period of research and consultation… Read More

January 30, 2015 @ 8:49 am By Midori Yoshimura  |  

  Hong Kong could shine along the lines of the U.S. and London as a solar finance hub, if it weren’t for the city’s financial laws, writes Bryane Michael, senior fellow at the University of Hong Kong law faculty’s Asian Institute for International Financial Law,… Read More

January 28, 2015 @ 2:33 pm By JD Alois  |  

  The Singapore Exchange (SGX) will launch its very own equity crowdfunding platform as a vehicle to help raise capital for entrepreneurs and small businesses.  SGX will partner with Clearbridge Accelerator on the project. Clear bridge is described as one of the leading venture capital… Read More

January 28, 2015 @ 8:35 am By Midori Yoshimura  |  

Chinese credit rating agency Dagong recently released its first internet finance blacklist and early warning list, according to a company statement. Dagong stated, “the number of peer to peer platforms that appeared to have various risks such as blocked withdrawals, platform closure and flight is… Read More

January 26, 2015 @ 8:54 pm By JD Alois  |  

Singapore based startup Club Ethis may be the world’s first Shari’ah compliant crowdfunding platform and according to information provided by the portal it is growing fast. Club Ethis is guided by 2 in-house Islamic scholars. Ethis believes it has shown that Islamic Finance, crowdfunding and real… Read More

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