Tagged: bytedance

China: WeiyangX Fintech Review

San Ta Si Three Pagodas Yunnan China

Data Security Law Comes Into Effect  On September 1st, the Data Security Law came into effect. Together with Cyber Security Law and Personal Information Protection Law, the three regulations shall lay the foundation for information security in China. The 29th session of the Standing Committee… Read More

China: WeiyangX Fintech Review

Great Wall of China Beijing China a

National Internet Finance Association of China: Standardized Cosmetic Surgery-Related Financial Products and Services The past few years have seen the rapid development of cosmetic surgery in China. In order to better serve their customers, some financial institutions have cooperated with third-party cosmetic surgery agencies to… Read More

China’s Fintech Crackdown Continues as Authorities Call ByteDance, Tencent, Baidu, JD.com, Others into Meetings

Please Do Not Run Stop Chase Halt China

Authorities in China have reportedly told 13 of the nation’s largest tech firms to “rectify prominent problems” on their platforms, according to a recent report. These developments appear to be a sign that China continues to increase its regulatory scrutiny and pressure of its Fintech… Read More

China: WeiyangX Fintech Review

Grand Millennium Beijing China

Chinese Fintech Companies Need to Meet Capital Adequacy Requirements with a Maximum of Two Years On March 2nd, Guo Shuqing, Chairman of the China Banking and Insurance Regulatory Commission (CBIRC) said at a press conference of the Information Office of the State Council that Chinese… Read More

China: WeiyangX Fintech Review

Beijng China Street

Meituan to Close its Mutual Aid Platform On January 15th, China’s leading on-demand food delivery platform Meituan announced that it would close its mutual aid platform at the end of this month. Meituan launched this program in June 2019, providing a basic health plan covering… Read More

China: WeiyangX Fintech Review

Beijing China City Street Scene 2019

Tianjin Bans Illegal Collection of Facial Recognition Information On December 1st, Tianjin Municipality approved a new regulation which will come into effect on January 1st, 2021. According to the regulation, credit information service provider should obtain the consent of the person before collecting his/her personal… Read More

China: WeiyangX Fintech Review

Kunming Yunnan China

Corporate SaaS Platform Gongsibao Secures Series B Financing led by NIO Capital and 5Y Capital On November 18th, corporate SaaS platform Gongsibao announced that it had received more than RMB 100 million in Series B financing led by NIO Capital and 5Y Capital (formerly known… Read More

China: WeiyangX Fintech Review

Beijing China Street Scene

Moka, an Intelligent Recruitment Management System, Completes 100-million-yuan Series B+ Financing Moka, a provider of intelligent recruitment management solutions, has completed a Series B+ round of financing of more than 100 million yuan led by a well-known venture capital fund. Up to now, Moka’s B… Read More

ByteDance, Developer of TikTok, May Compete for Digital Banking License to be Issued by Monetary Authority of Singapore

TikTok Trending Report

The developers and management TikTok, a leading Chinese video-sharing social network, are reportedly branching out into the financial services sector with the owners of the Oversea-Chinese Banking Corporation, Limited (OCBC) Bank (SGX: O39), a multinational banking and financial services corporation. Beijing-based ByteDance, a Chinese multinational… Read More

China: WeiyangX Fintech Review

Great Wall of China Beijing

The PBC, NDRC and Four Other Authorities Jointly Release the Work Plan for Coordinated Regulation of Financial Infrastructures In order to strengthen the construction of financial infrastructure, coordinate the regulation of important financial infrastructures and improve the capability of the financial sector to serve the… Read More

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