Tagged: asia

February 29, 2016 @ 10:43 pm By Spencer Li  |  

Following the much-talked-about Ezubao $7.6 billion Ponzi scheme collapse at the end of last year, the perception and outlook of the Chinese online lending industry has grown increasingly negative both within and outside of China. Murmurs of regulation began floating around in early 2014 but… Read More

February 14, 2016 @ 1:01 pm By JD Alois  |  

The Ministry of Public Security (MPS) has launched a website where investors may submit platforms where they have been swindled out of their money. The new site is said to be designed to aid authorities as they investigate dodgy platforms.  The announcement, published in China News,… Read More

February 12, 2016 @ 7:15 am By JD Alois  |  

CoAssets (NSX code: CAX), a Singapore based crowdfunding platform, has announced the appointment of two new directors that will be joining the young company in the coming weeks. CoAssets became a publicly traded company last year establishing itself as the first real estate platform to… Read More

February 8, 2016 @ 5:41 pm By JD Alois  |  

Equitise has a new shareholder.  Investec Australia, a publicly traded company, announced today that it had purchased a 20% stake in the equity crowdfunding platform making it the single largest shareholder behind the Equitise co-founders.  Investec was joined in the funding round by H2 Ventures and… Read More

February 6, 2016 @ 7:21 pm By JD Alois  |  

Hanwha, one of the largest conglomerate companies in South Korea, has launched a partnership with Dianrong a leading peer to peer lender in China. The as of yet named entity will open an office in Singapore later this month. Hanwha is a Chaebol that formed an technology… Read More

February 5, 2016 @ 12:16 am By JD Alois  |  

  Fundnel (pronounced like Funnel) is one of several investment crowdfunding platforms that have launched in Singapore over the past year. But even though there are a growing number of sites entering the internet finance space, Fundnel claims the title of Asia’s first collaborative fundraising platform… Read More

January 29, 2016 @ 7:53 am By JD Alois  |  

Fundnel, an investment crowdfunding platform that has taken a regional approach to raising capital, has formed a partnership with Anthill Ventures – a venture group and “speed scaling firm” based in India.  Startups graduating from the Anthill program will be migrated to the Fundnel platform… Read More

January 18, 2016 @ 8:20 am By JD Alois  |  

Crowdo received one of the few licenses to operate last year granted by Securities Commission Malaysia. Now Crowdo has launched its equity crowdfunding platform claiming it is best positioned to provide accesss and deal flow to both investors and entrepreneurs. Crowdo states it has the… Read More

January 15, 2016 @ 5:45 pm By JD Alois  |  

Fundnel, a “collaborative investment” crowdfunding platform has officially launched following the successful funding of six deals totalling US $ 5 million. After completing their soft-launch opened only to insiders, the Singapore-based portal is ready to go and allow access to equity, debt and revenue sharing… Read More

January 12, 2016 @ 4:21 pm By JD Alois  |  

Industry representatives from the two largest economies in the world, China and the United States, will gather in San Francisco later this month to discuss the future of P2P / marketplace lending.  The conference is organized by Sync US International (Chi Mei International) a bilateral “resource”… Read More

January 12, 2016 @ 9:30 am By Benjamin Twoon & Justin Chow  |  

Southeast Asia (SEA) represents a burgeoning regional economy comprising of 11 countries with a consolidated GDP of US$2.57 trillion (that’s approximately 15% the size of the US economy), and a combined population of 620 million people. It’s no wonder that there’s a buzz around the… Read More

January 12, 2016 @ 2:58 am By Midori Yoshimura  |  

In Shanghai and Shenzhen, administrations for industry and commerce have suspended the registration of Internet finance platforms, according to the Beijing Business Today in ECNS.cn. The publication also notes that in Beijing, the Administration for Industry and Commerce also released a similar statement. However, this has not… Read More

January 4, 2016 @ 7:48 am By JD Alois  |  

Singapore-based Silver Bullion has announced it is now facilitating S$1 million per month in bullion secured peer to peer loans. Founded in 2009, Silver Bullion just started offering direct lending in August of 2015. The company was conceived during the height of the financial crisis… Read More

December 30, 2015 @ 12:26 pm By JD Alois  |  

The Chinese online lending industry continues to reflect upon the just announced rules proposed in the last week.  There is a huge shakeout coming in China as some platforms will probably cease to exist. CCTV has filed a report reviewing the rules, highlighting the major… Read More

December 30, 2015 @ 11:37 am By JD Alois  |  

This is a pretty powerful statement coming out of China in response to the recently announced peer to peer lending rules.  Xu Hongwei, CEO of Shanghai-based Yingcan Group, a research company that tracks the myriad of P2P lenders in China.  As quoted in China News, Xu Hongwei… Read More

December 29, 2015 @ 9:59 am By JD Alois  |  

In China, there is an estimated $21 trillion held in savings deposits.  This incredible sum was described in Bloomberg as one of the most significant financial opportunities that will take place as capital borders open in the most populous country in the world. HengXinLi, a… Read More

December 28, 2015 @ 8:56 am By JD Alois  |  

As has been widely expected for some time, China regulatory authorities revealed proposed rules to reign in the fast growing peer to peer lending industry.  While online lending has filled a serious void in providing access to capital the lack of rules have created an… Read More

December 26, 2015 @ 10:53 am By JD Alois  |  

Peer to peer lending iQuianjin states that in a survey of 5000 investors, P2P lending ranked number 3 in popularity. The research was completed with the assistance of AdMaster a marketing / data technology company.  According to the information, as reported by China News, for… Read More

December 22, 2015 @ 1:51 pm By Elena Mikhaylova  |  

Crowdfunding continues to grow globally. The largest rewards platform, Kickstarter, has hosted close to 100,000 successfully funded projects and has assembled a community of almost 10 million backers. It has been aggressively expanding internationally this year. Some studies suggest that most of the growth in… Read More

December 18, 2015 @ 10:56 am By JD Alois  |  

Yirendai, a subsidiary of one of the largest Chinese peer to peer lenders CreditEase, launched its IPO on the Near York Stock Exchange (NYSE) under the ticker symbol “YRD”.  The American Depository Shares (ADS) were priced at $10 per share.  According to the company, 7.5 million… Read More