Tagged: alibaba

August 21, 2015 @ 5:56 pm By JD Alois  |  

China’s population lands somewhere around 1.4 billion. Within this group there are around 740 million mobile internet users.  In China, basically just about everything is happening on a mobile phone these days.  The internet moguls have quickly migrated from selling products to providing services and… Read More

August 4, 2015 @ 12:29 pm By Erin Hobey  |  

“China’s central bank has moved to defend draft rules that would force online payment processors to channel large payments through traditional bank accounts, a requirement that industry observers say will stifle innovation while protecting the interests of incumbent banks,” reported FT’s Gabriel Wildau. “The People’s Bank of China… Read More

August 4, 2015 @ 11:24 am By JD Alois  |  

Alibaba continues to expand its strategic push into financial services with the significant hire of Michael Evans as President of Alibaba Group. According to the company, Evans will direct international growth strategy for the fast growing internet conglomerate.  Evans was already a member of the… Read More

July 12, 2015 @ 3:01 pm By JD Alois  |  

Crowdfund Insider has published several articles on crowdfunding campaigns that appear to be repackaged Alibaba products. While not illegal, we believe this is not a transparent approach to crowdfunding and should not be tolerated. Today most creators operated in good faith and are attempting to be innovative… 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

July 5, 2015 @ 11:11 am By JD Alois  |  

Crowdfund Insider recently published an article about a worrying issue in the crowdfunding space: Crowdfunding campaigns that are not really innovative and new but simply re-packaged products already for sale elsewhere – typically on Alibaba.  Since all things tech are mostly manufactured in Asia – many… 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

April 29, 2015 @ 10:46 am By Samantha Hurst  |  

Last September, Crowdfund Insider revealed that OUYA was rumored to be making its way to the sale block. The Android gaming startup rocketed to fame and potential fortune back in 2012 during a 29-day Kickstarter campaign, which it raised $8,596,474 from over 29,000 backers.  Unfortunately, the device consistently… Read More

April 9, 2015 @ 4:19 pm By JD Alois  |  

According to Guan Jianzhong of Dagong Global, a company that monitors and rates peer to peer lending platforms, of the 1,587 p2p platforms it observes, 393 have been blacklisted and an additional 668 were given risk warnings – a staggering percentage of active peer lenders in… Read More

March 26, 2015 @ 6:37 pm By JD Alois  |  

Data published by the China Banking Association indicates a “surge” in internet banking.  According to a report in ECNS, individuals using online banking services has hit 909 million – an increase of 150 million compared to the year prior. Financial transactions totaled an astounding 60.85… Read More

March 16, 2015 @ 10:25 am By JD Alois  |  

Alibaba, the Chinese internet conglomerate, has formed another strategic alliance to provide loans to businesses. Earlier this month Alibaba inked an agreement with Lending Club to facilitate loans to US businesses seeking to purchase goods from China manufacturers. Now Alibaba has created a similar arrangement with… Read More

February 25, 2015 @ 3:41 am By Midori Yoshimura  |  

One of China’s largest lenders, and potentially one of the world’s largest, based on the number of branches, is in talks with potential investors about selling a minority stake before a possible listing, according to a recent article in the South China Morning Post. The Postal… 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 2, 2015 @ 12:33 pm By Samantha Hurst  |  

The Wall Street Journal has announced that miniature Android gaming console, Ouya, was given a much needed funding boost from Chinese e-commerce company Alibaba. Sources revealed that Alibaba invested $10 million in Ouya last month and the two companies have discussed a plan to incorporate the… Read More

December 15, 2014 @ 3:03 pm By Erin Hobey  |  

Hoping to be the next Alibaba of Middle East, the B2B marketplace Search in MENA helps SMEs create both new channels to attract clients online and build a vast network of product and service providers for Arab Enterprises in the MENA (Middle East and North Africa)… Read More

April 2, 2014 @ 10:46 am By Charles Luzar  |  

Alibaba.com is a giant in China, and the company has now launched a crowdfunding play for entertainment-related projects. It’s called Yu Le Bao, or “Entertainment Treasure,” and it allows anyone to invest in entertainment projects like films and games in amounts as little as 100… Read More