Tagged: asia

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

December 17, 2015 @ 12:09 pm By JD Alois  |  

Monexo is a Hong Kong based peer to peer lending platform that seeks to provide financing to SMEs in the region. Founded by Mukesh Bubna, a long-time Citibank executive, Bubna recently commented on the investigation into Ezubo – a China-based peer to peer lender.  Ezubo (sometimes spelled… Read More

December 17, 2015 @ 8:24 am By JD Alois  |  

FundedByMe to Focus Solely on Investment Crowdfunding as it Ends Rewards. FundedByMe has shared a platform update, recapping 2015 and looking towards the New Year.  Based in Stockholm, FundedByMe was approved by Malaysian authorities to set up one of six investment crowdfunding platforms.  The company… Read More

December 15, 2015 @ 9:53 am By JD Alois  |  

  A recent report published by ACCA, provides a fascinating insight into the largest peer to peer lending market in the world – China. The research has been authored by Dr. Luke Deer from the University of Sydney (and a research associate with the University… Read More

December 14, 2015 @ 12:51 pm By JD Alois  |  

Peer to peer lender Lufax is close to raising $1 billion at an astounding valuation of $18 billion.  Shanghai based Lufax, recently rebranded as Lu.com, raised capital earlier this year at a solid $10 billion valuation. Investor demand is said to be very strong. But,… Read More

December 12, 2015 @ 11:00 am By JD Alois  |  

Internet juggernaut Alibaba opened their wallet a tiny bit and purchased the assets of the South China Morning Post (SCMP) last week. The company stated it was a strategic move in recognition of providing insight into one of the world’s largest economies. One of the… Read More

December 9, 2015 @ 7:30 am By Spencer Li  |  

On November 16, 2015, Yirendai, an “online” Chinese marketplace lending platform, filed its Form F-1  (Form F-1 /A) with the SEC for an IPO listing on the NYSE. Yirendai is a subsidiary of CreditEase, a sizeable financial services firm in China that provides lending and wealth… Read More

December 7, 2015 @ 7:44 am By JD Alois  |  

Real estate crowdfunding platform CoAssets is highlighting platform growth. According to a report from the Singapore-based company, registered users now exceed 30,000 having grown 30% in November alone.  Founded in May of 2013, initially 100% of users were from Singapore. Today that percentage has dropped… 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 26, 2015 @ 10:26 am By JD Alois  |  

Chinese officials announced last year they were slashing executive pay at banks.  This was part of a push to reform the banking system by limiting waste and stifling corruption.  According to a report in Time Weekly, banking executives have a salary cap of just 600,000… Read More

November 25, 2015 @ 8:34 am By JD Alois  |  

Backer-Founder, a consulting firm in Taiwan that stakes claim to being the first of its kind in the country, celebrated its one  year anniversary of helping crowdfunding campaigns achieve their goals.  According to the company, the crowdfunding consultancy has managed over 50 projects in the… Read More

November 24, 2015 @ 10:31 pm By JD Alois  |  

Dianrong, a leading peer to peer lending platform in China, raised a respectable $207 million a couple months back.  Now the online lender is considering its next funding round which may hit half a billion dollars as the Chinese P2P market continues to outpace traditional… Read More