Tagged: baidu

More Crypto Censure in China as Baidu Search Censors its Tieba Forum

Chinese search giant Baidu will no longer allow discussions of crypto on its popular forum site, Baidu Tieba, China Times reports. The decision is the latest in a spate of recent crackdowns being waged against crypto-industries in China, actions seeking to give teeth to a… Read More

China: WeiyangX Fintech Review

Chinese Fintech Enterprises Raised ¥230 billion (USD $ 2.64 billion) in the First Half of the Year The integration of technology and finance has become a major trend in the development of the financial industry. The investment enthusiasm of the capital market for financial technology… Read More

Baidu Baike, China’s Wikipedia, Now Tracking Revisions on a Blockchain

Coindesk is reporting that Baidu Baike, China’s Wikipedia-style site, is now tracking revisions made to articles on a blockchain. According to Coindesk reporter Wolfie Zhao, Baidu has not yet publicly announced blockchain developments at Baidu Baike, although they did confirm with Zhao over WeChat that… Read More

China: WeiyangX Fintech Review

Renren Calls an End to its ICO Project It was reported that Renren has closed its RRCoin ICO project after a talk with China’s regulatory authorities. Among the 1 billion RRCoins that were planned to issue, 40% would have beeen allocated to private equity, 25%… Read More

China: WeiyangX Fintech Review

China Financial Stability Committee established in Beijing On November 8th, the China Financial Stability Committee was officially launched. This is a subordinated department under the State Council, of which Vice Premier Ma Kai will serves as the head. To be specific, the committee will be… Read More

China: WeiyangX Fintech Review

  The State Council of China Encourages the Development of a Smart Supply Chain The State Council on October 13, 2017, released a guideline on promoting the innovation and application of the supply chain. The document was aimed at establishing a smart supply chain system… Read More

China: WeiyangX Fintech Review

CBRC Issues Official Information Disclosures Guidelines for P2P Lending Platforms On August 25th, the China Banking Regulatory Commission (CBRC) officially unveiled the final version of Guidelines on Online Lending Information Disclosure Requirement. The document was released based on a pilot tighter information disclosure initiative announced… Read More

China: WeiyangX Fintech Review

Baidu Partners With PayPal to Tap Cross-border Payments On July 28, Baidu annouced a strategic agreement with PayPal to tap oversea merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. The partnership allows Baidu Wallet users to make online purchases outside… Read More

China: WeiyangX Fintech Review

Tsinghua PBCSF Global Finance Forum (2017) convened in Beijing On June 3, 2017 Tsinghua PBCSF Global Finance Forum, which was hosted by Tsinghua University, and organized jointly by the Tsinghua University PBC School of Finance (PBCSF) and Tsinghua University National Institute of Financial Research (NIFR),… Read More

China: WeiyangX Fintech Review

Chinese Tech Giant Baidu to Quit Crowdfunding Market Search engine giant Baidu Inc. is to quit crowdfunding market and pay more attention on artificial intelligence”]. Users will not see the “Baidu Crowdfunding” channel when they log in their Baidu Finance account, but will still be… Read More

China: WeiyangX Fintech Review

WeChat Enters the U.S. Market WeChat Pay, one of the biggest mobile payment platforms in mainland China, has boosted its cross-border business by entering the U.S. market. With the backing of China’s largest social networking app WeChat, which now claims more than 889 million monthly… Read More

China: WeiyangX Fintech Review

CBRC Releases “Guideline” to Regulate Funds Custody of Online Lending Platforms On February 23rd, the China Banking Regulatory Commission(CBRC)released new guidelines to regulate funds custody of online lending platforms. According to the guidelines, online lending platforms and banks must follow the regulation to restructure their funds… Read More

China: WeiyangX Fintech Review

Hong Kong Securities & Futures Commission Joins R3 Blockchain Consortium The Hong Kong Securities and Futures Commission (SFC) announced it had joined the R3 blockchain consortium. Through this partnership, SFC will test applications of blockchain on record and settlement of securities and futures trading with the… Read More

China: WeiyangX Fintech Review

JD & UnionPay Cooperate to Create a “Wall Street + Silicon Valley” Fintech Mode On January 4th, China UnionPay and JD jointly announced a new partnership that JD would become a new member of UnionPay’s acquirer team. Both sides will give full play to their… Read More

China: WeiyangX Fintech Review

PPmoney Secures a ¥375 Million B Round Funding & Announces Strategy of Group Operation. On December 12th, online wealth management platform PPmoney secured ¥375 million in B round funding. Investors included Ants Capital, Yang Jianxin (actual controller of KJT.com) and Yuetai holding group. Meanwhile, PPmoney… Read More

China: WeiyangX Fintech Review

  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

China: WeiyangX Fintech Review

Fintech related cases would become an important area of civil and commercial trial in the future. On September 10, 2016, the sixth “Southern China Enterprise Law Innovation Forum” was held in Shenzhen. During the seminar of “China’s Law Innovation in Internet Age”, Yang Linping from… Read More

David Snitkof of Orchard Shares Unique Insight into Online Lending Market Dynamics

Orchard Marketplace is a platform that is uniquely positioned at the intersection of institutional money and online lending. If you are a large investor you are using Orchard to manage and access loans on all marketplace lending platforms. This perspective means that Orchard can easily… Read More

Baidu Invests in ZestFinance. Will Partner on Credit Data

One of the biggest challenges for online lending firms in China is the lack of credit data for prospective borrowers. As Chinese regulators tighten up the peer to peer lending sector, Fintech providers are moving in to help improve the service. ZestFinance is one of… Read More

Baidu Adds More Stringent Requirements for Chinese Crowdfunding Platforms

Earlier this month Chinese search engine Baidu announced it would now require crowdfunding platforms to adhere to a strict set of qualifications designed to limit promotion from less reputable platforms. Baidu stated it would no longer open new accounts for crowdfunding platforms to access their… Read More

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