Tagged: asia

October 16, 2016 @ 12:00 pm By JD Alois  |  

The evolving Chinese peer to peer lending sector took another twist in the regulatory path, as the government issued a special work plan this past week. According to ECNS, the plan incorporated a list of restrictions for P2P lenders to help curb investor and borrower… Read More

October 11, 2016 @ 7:38 am By JD Alois  |  

LendIt, a global conference and events organizer established by Jason Jones, Peter Renton and Bo Brustkern, has announced a strategic partnership with AMTD Group Limited (AMTD). LendIt released the news during its annual LendIt Europe conference taking place in London today. AMTD and LendIt had previously partnered… Read More

October 10, 2016 @ 11:25 pm By Pawee Jenneeranon  |  

The Peer-to-Peer Lending Industry in Thailand Peer-to-peer lending, which is also known as social lending or crowdlending, has drastically increased in the recent years in many countries around the world. The total volume of peer-to-peer lending activities has been growing rapidly. A good example is… Read More

October 10, 2016 @ 12:20 pm By Xu Gao  |  

PowerEgg Drone: Most crowdfunded campaign in the drone industry ever! Up to 30th September, 2016, PowerEgg Drone from PowerVision has raised more than ¥86.3 million (USD $12.87 million), becoming the most funded campaign on JD.com’s crowdfunding platform. The previous record belonged to Niu.com which raised… Read More

October 5, 2016 @ 12:30 pm By Xu Gao  |  

CIRC strengthens regulation towards internet finance It is reported that many local insurance companies have received notices from regulatory authorities, asking them to do a self-examination towards risk of collaboration with internet finance platform. Yet, some insurance companies in Shanghai believed this notice as a… Read More

October 4, 2016 @ 8:09 am By JD Alois  |  

Global law firm Baker & McKenzie will be supporting Hong Kong-based SuperCharger Fintech Accelerators 2.0. Baker & McKenzie is very active in China with offices in Hong Kong, Beijing, and Shanghai. Baker & McKenzie was previously a supporter of SuperCharger FinTech Accelerator 1.0 – the… Read More

September 30, 2016 @ 3:02 pm By Samantha Hurst  |  

Earlier this week, Söderlund International’s HUONE Hotel finished its equity crowdfunding run on Invesdor. The Helsinki-based firm secured €565,794 for the meeting and event hotel’s new Singapore location. To date, the HUONE Hotel has won a total of six awards, which includes Best Event Venue in Finland… Read More

September 27, 2016 @ 2:00 pm By Xu Gao  |  

  Baidu FSG launches mobile foreign exchange service Baidu FSG recently announced the launch of mobile foreign exchange service. Users of Baidu Wallet in Canada, Italy, Japan and Philippine could use this service to exchange small foreign change into targeted currency category. It is said… Read More

September 23, 2016 @ 11:03 am By JD Alois  |  

Lufax, one of China’s largest peer to peer lending platforms, is preparing for its long-awaited IPO. This is according to a report in Reuters that stated the IPO could raise $5 billion. At the last funding round, Lufax captured a valuation topping $18 billion.  China… Read More

September 23, 2016 @ 10:45 am By Samantha Hurst  |  

With less than a week until its Invesdor campaign comes to an end, Söderlund International’s HUONE Hotel has secured nearly  €475,000. The unusual hotel is seeking a minimum of €500,000 for its new Singapore location. HUONE is described as a meeting and events hotel, which means NO actual bedrooms. Since its launch in 2012, HUONE… Read More

September 21, 2016 @ 2:51 pm By Samantha Hurst  |  

On Tuesday, private investment company Marvelstone Group announced it developed a new fintech hub, called LATTICE80, and will be launching it in Singapore.The company stated that LATTICE80 will be located in the Central Business District (CBD), an area that is notably close to the key financial… Read More

September 21, 2016 @ 10:27 am By JD Alois  |  

Standard Chartered Bank and Supercharger, a Hong Kong-based accelerator, have opened up applications for global Fintech firms to participate in the  “SuperCharger FinTech Accelerator 2.0”, a 12-week innovation programme aimed at helping promising FinTech companies grow their footprint in Asia. The very first round saw 160… Read More

September 14, 2016 @ 9:57 am By JD Alois  |  

In multiple reports, Chinese authorities raided the offices of “two crippled peer to peer lending platforms”.  Both Jinlu Fund and Dangtian Wealth were visited by Shanghai police on suspicion of “illegally pooling deposits”, according to China News. Both platforms are affiliated with Shanghai Kuailu Investment… Read More

September 5, 2016 @ 10:52 am By JD Alois  |  

At the most recent count, China-based peer to peer lender Yirendai (NYSE:YRD) has at least eight class-action lawsuits filed against the company following the enactment of new regulations directed towards the booming online lending industry in China. The firms that have made public proclamations are as… Read More

August 31, 2016 @ 4:09 pm By Spencer Li  |  

After nearly eight months since the original draft was first issued, the China Banking Regulatory Commission (“CBRC”) announced the official rules for the online lending industry on August 24, 2016. The unveiling came accompanied with a few policy curveballs that few industry participants were expecting…. Read More

August 30, 2016 @ 10:18 am By Samantha Hurst  |  

Last week, Hitachi, Ltd. (TSE: 6501, Hitachi) announced it has teamed up with Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) for a blockchain technology project to check digitalization in Singapore. Both companies reported that they had started Proof of Concept (PoC) testing. During the PoC testing,… Read More

August 30, 2016 @ 9:56 am By JD Alois  |  

South Korea is claiming a “world’s first” in launching the Fintech Open Platform designed to boost Fintech development in Korea, according to the Financial Services Commission (FSC). The Fintech Open Platform is described as a combination of a website where Fintech firms can download program… Read More

August 29, 2016 @ 10:46 am By JD Alois  |  

China is the largest alternative finance market in the world and Fincera (OTCQB: AUTCF) is a fast growing internet finance platform that is providing an increasing portfolio of services online.  But Fincera started in an entirely different business sector: commercial auto-leasing under the name of… Read More

August 25, 2016 @ 10:05 am By JD Alois  |  

Announced earlier this week, China has finally revealed its regulatory approach to online lending. To put this into perspective, peer to peer lending is huge in China – the largest online lending market in the world. The rapid ascension of P2P lending was driven by… Read More

August 24, 2016 @ 10:01 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has opened its Fintech Innovation Lab which has been given the name Looking Glass @MAS.  The reference to the Looking Glass is a nod to Lewis Caroll’s classic novel “Through the Looking Glass and What Alice Found in There”…. Read More