Tagged: ant financial

September 13, 2016 @ 11:20 pm By WeiyangX  |  

Qudian.com announced to exit from campus installment market in which it used to be the leader, and turned their focus on consumer finance. Qudian.com (previously named Qufenqi.com) announced this week that they would exit from the campus installment loan market, and made consumer finance for… Read More

May 11, 2016 @ 10:37 am By JD Alois  |  

  China is the largest market for alternative finance in the world. According to the Cambridge Centre for Alternative Finance (CCAF), China delivered over $100 billion in alternative finance, including peer to peer lending and crowdfunding, in 2015.  This was more than a 3X jump… Read More

January 4, 2016 @ 3:34 pm By Samantha Hurst  |  

On Monday, Alibaba’s financial affiliate Ant Financial announced that it is planning to launch a second pre-IPO funding round. According to Wall Street Journal, A spokeswoman for Ant Financial, stated that the company currently doesn’t have a timetable for an initial public offering. She declined to give… Read More

December 4, 2015 @ 3:26 am By Spencer Li  |  

Following in the footsteps of Chinese internet giants such as Alibaba, Tencent, and JD.com, leading Chinese P2P platforms have begun evolving into one-stop wealth management platforms. Alibaba’s Ant Financial, Tencent’s WeBank, and JD.com’s JD Finance (for some background on these platforms, please refer to a… Read More

November 18, 2015 @ 2:15 am By Midori Yoshimura  |  

China’s Internet search giant Baidu will partner with China Citic Bank, part of state-owned conglomerate Citic Group, to launch an online bank, according to the Financial Times. The FT notes that Citic Bank, suspended its shares in Shanghai and Hong Kong on Monday pending announcement… Read More

November 5, 2015 @ 11:29 am By Erin Hobey  |  

“Major non-traditional financial services companies have been investing in fintech payments in China for the past year.” According to Accenture, fintech investments across Asia-Pacific experienced a boom in 2015 – from about $880 million in 2014 to nearly $3.5 billion in just the first nine months… Read More

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

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

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