Tagged: china

September 14, 2020 @ 7:55 am By Omar Faridi  |  

Red Date Technology and Digital Asset (the company) have reportedly entered an agreement that involves integrating DAML smart contract tech with China’s Blockchain Services Network (BSN). DAML, which is a blockchain “agnostic” smart contract programming language created by the company Digital Asset, will serve as… Read More

September 12, 2020 @ 5:00 pm By Xu Gao  |  

CBIRC: Increasing Efforts to Crack Down on New Types of Illegal Commercial Insurance Activities Recently, the Anti-Illegal Financial Activities Bureau of China Banking and Insurance Regulatory Commission (CBIRC) published an article entitled “Analysis of Illegal Commercial Insurance Activities and Regulatory Suggestions” in “Observation of Insurance… Read More

September 12, 2020 @ 4:40 pm By Omar Faridi  |  

A Chartered Fintech Professional (CFtP) qualification will reportedly be offered to financial technology specialists working in China and Singapore. The program will aim to provide  professional development opportunities that are meant to support international Fintech talent. The qualification will reportedly be introduced by the Global… Read More

September 12, 2020 @ 11:24 am By Omar Faridi  |  

Temasek Holdings, a major Singapore state investor, is reportedly looking into making a potential investment in the planned initial public offering (IPO) of Chinese Fintech giant Ant Group, which might be the world’s largest iPO. GIC Pte Ltd, which is Singapore’s sovereign wealth fund (one… Read More

September 10, 2020 @ 9:42 pm By Omar Faridi  |  

IRISnet, which aims to serve as an interchain service hub for next-generation distributed applications, confirms that China’s public blockchain network BSN recently launched the new BSN Global Portal. IRISnet will be one of the partners that will contribute to the project. The IRISnet team is… Read More

September 8, 2020 @ 11:28 pm By Omar Faridi  |  

Chinese insurance giant Ping An recently pointed out that Fintech has the potential to enhance operational efficiency by reducing business costs and lowering certain risks in the financial services sector. Supporting SMEs is one way more established institutions can enable digital transformation across the financial… Read More

August 31, 2020 @ 3:03 pm By Samantha Hurst  |  

China Construction Bank (CCB), one of the nation’s largest financial institutions, has reportedly disabled its digital yuan wallet, which was available inside the banking group’s mobile app, after the service’s soft launch drew wide attention. According to Coindesk, It is unclear when the banking group… Read More

August 29, 2020 @ 6:09 pm By Xu Gao  |  

Cybersecurity Insurance Provider Yuanbao Tech Completes A Round of Financing led by GL Ventures On August 28th, cybersecurity insurance service provider Yuanbao Tech announced that it had completed a ¥ 10-million-level A round of financing. The investment was led by GL Ventures, with participation from… Read More

August 29, 2020 @ 11:27 am By Omar Faridi  |  

Eswar Prasad, professor of Trade Policy at Cornell University and senior fellow at the Brookings Institution, acknowledges that the Chinese digital yuan will improve the nation currency’s role as an international payment method. However, he clarified that it will “hardly put a dent” in the… Read More

August 26, 2020 @ 5:51 pm By Omar Faridi  |  

The decentralized finance (DeFi) space is growing rapidly. Oracle protocols like Chainlink, BAND and Gravity have experienced a significant increase in adoption in a cryptocurrency market that’s still highly speculative and plagued by market manipulative and wash trading. Fetch.ai, an open-access machine learning network established… Read More

August 25, 2020 @ 12:31 pm By Omar Faridi  |  

UK-based Fintech firm Paysend, which focuses on global payments, has revealed that it will be working with Alipay to offer new cross-border money transfer options that aim to bring more seamless and inclusive financial services to consumers throughout the world. Paysend claims that its agreement… Read More

August 25, 2020 @ 8:40 am By Samantha Hurst  |  

FinVolution Group, a China-based fintech that connects underserved individual borrowers with financial institutions, announced on Tuesday its new share repurchase program. whereby the Company is authorized to repurchase its own Class A ordinary shares in the form of American depositary shares (ADS) with an aggregate… Read More

August 22, 2020 @ 7:39 pm By Omar Faridi  |  

Hangzhou’s Alibaba Cloud (Aliyun), a Chinese cloud computing company that operates as a subsidiary of the e-commerce giant, Alibaba Group (NYSE:BABA), has partnered with the Fintech Academy in Singapore and Pfizer, an American multinational pharmaceutical corporation. Through the partnership, the two companies and the Fintech Academy… Read More

August 22, 2020 @ 5:55 pm By Xu Gao  |  

Insurtech Platform Shuidi SecureS US $230 Million D-round of Financing On August 20th, at the 2020 Global Partner Conference of Shuidi Insurance Mall, Shen Peng, founder & CEO of Shuidi, announced that the company had completed a series D financing of US$230 million, led by… Read More

August 21, 2020 @ 9:19 am By Omar Faridi  |  

Chinese Fintech Unicorn Ant Group, which is part-owned (33%) by digital commerce giant Alibaba, is currently planning dual IPO listings in Hong Kong and Shanghai. Established by billionaire Jack Ma’s Alibaba (NYSE:BABA), Ant Group, which includes AliPay, earned 9.2 billion CNY (appr. $1.3 billion) in… Read More

August 20, 2020 @ 10:24 am By JD Alois  |  

It is no secret that China has long been working on a Central Bank Digital Currency (CBDC). Today, there is a video circulating on Twitter of an individual using the digital RMB.   China is starting to test the Digital RMB and educate its citizens…. Read More

August 18, 2020 @ 7:23 pm By JD Alois  |  

Conflux Network, a permissionless blockchain network, has received a second public endorsement from a Chinese government entity. In a release, Conflux said that the Hunan government has joined the Shanghai government in blessing their blockchain. Conflux notes that they are the only privately created blockchain… Read More

August 18, 2020 @ 2:29 pm By Samantha Hurst  |  

  Chinese peer-to-peer lending platform Hexindai (NASDAQ: HX) recently announced it has launched an upgraded version of its new form of social e-commerce platform Xiaobai Maimai, offering high-quality and affordable branded products. According to Hexindai, Xiaobai Maimai uses its cooperation with domestic e-commerce platforms and… Read More

August 15, 2020 @ 3:09 pm By Omar Faridi  |  

Peer to peer (P2P) investors based in China are reportedly facing losses of over 800 billion yuan (appr. $115 billion) in unpaid debt, due to failed lending platforms, according to the head of the nation’s banking industry regulator. Guo Shuqing, chairman of the Chinese Banking… Read More

August 15, 2020 @ 12:00 pm By Xu Gao  |  

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