Tagged: china rapid finance

China Rapid Finance Announces New Partnership with Chengdu Qiye Technology

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Tuesday it has formed a new strategic partnership with Chengdu Qiye Technology to offer services for institutionally-funded lending to small and medium-sized businesses. According to China Rapid Finance, the partnership marks… Read More

Following Delay of Financial Reports to NYSE, China Rapid Finance Announces Business Operations & Board of Directors Changes

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Friday changes in its business operations and to its board of directors. The lender revealed that it has acknowledged its inability to file its annual report on Form 20-F in a… Read More

China Rapid Finance Announces Regulatory Report & Board Change

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced last week that it submitted its P2P Compliance Self-Inspection Report to its local P2P regulatory office. According to the online lender, this new report is considered the first of three steps mandated in the… Read More

China Rapid Finance Debuts Up to $20 Million Share Repurchase Program

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced earlier this week the launch of its new share repurchase program, which allows the lender to authorized the repurchase of its ordinary shares in the form of American depositary shares with an aggregate… Read More

China Rapid Finance Appoints Zhou Ji’an to Board of Directors

China Rapid Finance Limited (NYSE: XRF), one of China’s largest consumer lending marketplaces, announced on Tuesday it has appointed Zhou Ji‘an, the Executive Director and General Manager of China United SME Guarantee Corporation (Sino Guarantee), to its board as a non-executive independent director. According to China Rapid Finance, Ji’an brings… Read More

China Rapid Finance: 20 Million in Cumulative Loans Facilitated Since Marketplace Lending Platform Inception

China Rapid Finance announced on Monday it has exceeded 20 million cumulative loans facilitated since its marketplace lending platform launch. According to the lender, this new milestone demonstrates accelerating the growth of its consumer marketplace due to the fact that the number of facilitated loans… 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 Rapid Finance Unveils Full Exercise of Underwriters’ Option For the Purchase of Additional ADSs

On Thursday, peer-to-peer lender China Rapid Finance (NYSE: XRF) that the underwriters of its previously announced initial public offering (IPO) have exercised in full the option to purchase an additional 1.5 million American depositary shares (“ADSs”) from China Rapid Finance to cover over-allotments. According to… Read More

China Rapid Finance Announces IPO Pricing of 10 Million American Depositary Shares

Peer-to-peer lender China Rapid Finance announced on Friday the pricing of its initial public offering (IPO) for 10 million American depositary shares (ADS). The company revealed each ADS was priced at $6.00,  with a total offering size of US$60 million. According to the Asian online lender, each… Read More

China Rapid Finance CEO Reports: China Consumer Finance Challenge Needs High-Tech Solution

Dr. Zhengyu (Zane) Wang, founder, chairman and CEO of China Rapid Finance Limited, revealed at the 2017 LendIt USA 2017 conference the challenges to expanding consumer finance in China’s population. According to Wang, the country has emerged from being a market that in 2000 featured… 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 Rapid Finance CEO Zane Wang to Deliver Keynote Speech at LendIt USA 2017

Marketplace lending platform, China Rapid Finance, announced on Wednesday its CEO, Dr. Zhengyu (Zane) Wang will deliver a keynote speech at LendIt USA 2017. The event will take place on March 6th and 7th at the Jacob Javits Center in New York City. China Rapid Finance noted that… Read More

China Rapid Finance Announces Partnership with Tencent Licaitong For Investment Products

Marketplace lending platform, China Rapid Finance, announced on Sunday it has teamed up with Tencent’s wealth management platform, Licaitong, to provide new investment products for individual investors. The online lender stated that with it as the screening party for the underlying assets, the first-phase products on… Read More

China Rapid Finance Announces Partnerships With Sino Guarantee & Bank of Shanghai

Marketplace lending platform, China Rapid Finance, announced on Tuesday it has formed partnerships with two financial institutions, China United SME Guarantee Corp. (Sino Guarantee) and Bank of Shanghai. The lender stated Sino Guarantee would provide ongoing lending capital for loans that will originate on its platform, with… Read More

Brief: China Rapid Finance Reaches One Million Borrower Milestone

Peer-to-peer lender, China Rapid Finance, announced on Wednesday its platform has exceeded one million borrowers and it facilitated 8.8 million loans in total as of October 31st. Sharing details about the new milestone, Dr. Zane Wang, CEO of China Rapid Finance, stated: “Serving more than one million borrowers is… Read More

Brief: China Rapid Finance Appoints Joe Zhang As Non-Executive Director to the Board

Peer-to-peer lender, China Rapid Finance, announced on Tuesday it has appointed Huaqiao (Joe) Zhang an independent non-executive director to its board. Previously, Zhang had served as an advisor to the website since August 2013. According to the lender, Zhang brings industry knowledge and experience after having spent more than… Read More

Brief: China Rapid Finance Announces Broadline Capital’s Investment Honored As “Technology Deal of the Year” at International M&A Awards

On Wednesday, China Rapid Finance Limited announced that an investment by global private equity firm Broadline Capital in the company was honored as “Technology Deal of the Year” at the 2016 International Financial Forum’s 8th Annual International M&A Awards. This event recognizes excellence in deal-making and celebrate the… Read More

Brief: China Rapid Finance Becomes Sponsor & Founding Member of National Internet Finance Association of China

Peer-to-peer lender, China Rapid Finance, announced on Tuesday it has become a sponsor and founding member of the National Internet Finance Association of China (NIFA). According to the company, the NIFA was founded with the approval of China’s State Council. It has been led by the People’s Bank of China,… Read More

Boost Your Credit Score By Playing Online Games? China Rapid Finance, P2P lender, Rates Creditworthiness Based On Social Media Use

    Boost your credit score by social networking and playing online games? Don’t hit the “Back” button–this isn’t clickbait. Instead, it’s what China Rapid Finance, one of China’s largest peer-to-peer lending sites, believes–they’ve just rated 50 million Chinese consumers for creditworthiness using social networking and… Read More

China Rapid Finance Raises Initial $35M Round of Series C Financing At $1Bn Valuation

China Rapid Finance, China’s online consumer lending marketplace serving online users and China’s emerging middle class, today announced an initial closing of $35 million in its Series C round of financing at a pre-money valuation of US $1 billion. The round was led by Broadline… Read More

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