Hexindai (NASDAQ:HX), a China-based peer to peer lender, announced on Tuesday it was officially accepted as a member of the Nandu Finance Digital Union on June 11th. The lending platform reported that the Union, which was launched in April 2018 by the Nanfang Metropolis Daily and the Nandu Finance… Read More
Read more in: Asia, Investment Platforms and Marketplaces | Tagged china, hexindai, online lending, p2p, peer to peer
Chinese fintech Yirendai announced on Tuesday global investment banking group Goldman Sachs has provided it with RMB 324 million of funding for a term of three years. While sharing details about the investment, Dennis Cong, Chief Financial Officer of Yirendai, stated: “We are very excited to see the… Read More
Read more in: Asia, Fintech | Tagged china, fintech, goldman sach, investment, yirendai
In an atmospheric piece filed 2700km from Shanghai and 3000 miles above sea level, Nikkei Asian Review reporter Yusho Cho describes a 7000 computer-strong mining operation quietly thrumming out Bitcoins in the remote western plateau region of Qinghai. Local authorities, says Cho, are fine with… Read More
Read more in: Uncategorized | Tagged bitcoin, china, mining, xi jinping
Tiger Brokers and Nasdaq Reach Strategic Cooperation on US Stock Data Solutions On June 14th, Tiger Brokers and Nasdaq announced a strategic cooperation to jointly provide Chinese Fintech platforms access to the US stock market data. According to the agreement, Tiger Brokers will become the… Read More
Read more in: Asia, Blockchain & Digital Assets, Featured Headlines, Fintech | Tagged ant financial, china, nasdaq, tiger brokers, weiyangx, xu gao, zhejiang university
The Decentralized Accessible Content Chain (DACC) project is reporting that it has received solid backing from both institutional and individual investors for its private token sale, which was said to be oversubscribed within a matter of hours. The private sale was scheduled to run from… Read More
Read more in: Asia, Blockchain & Digital Assets, Offerings | Tagged china, dacc, singapore
Yirendai Ltd. (NYSE: YRD), a fintech company that’s based in China, announced on Monday its board of directors has approved a share repurchase program whereby Yirendai is authorized to repurchase its ordinary shares in the form of American depositary shares with an initial aggregate value of up to $20 million. While sharing more details about the… Read More
Read more in: Asia, Fintech | Tagged china, fintech, repurchase program, yihan fang, yirendai
NIFA Releases China’s First National Fintech Identity Verification Platform Early this week, the National Internet Finance Association of China (NIFA) released China’s first Fintech identity verification platform. This was a response to the requirements of various Fintech industry practitioners and regulatory authorities. In the future,… Read More
Read more in: Asia, Featured Headlines, Fintech | Tagged china, didi, national internet finance association of china, nifa, pintec, tencent, weiyangx, xu gao
Chinese fintech and Alibaba-affiliated Ant Financial Service Group announced on Friday it secured approximately $14 billion through its Series C Equity Funding round, which includes an RMB tranche raised by the company from domestic investors and a USD tranche raised by Ant international Co., Limited, a wholly… Read More
Read more in: Asia, Fintech | Tagged alibaba, ant financial, asia, china, fintech, investment, series c
On Tuesday, Distributed Credit Chain (DCC) and Plug and Play China announced that DCC has joined the Plug and Play China’s “ecosystem” to drive the growth and development of the global fintech and blockchain industry. According to the duo, Plug and Play China has helped over… Read More
Read more in: Asia, General News | Tagged china, partnership, plug and play china
Chinese fintech Pintec Technology Holdings Limited (PINTEC) announced on Tuesday it has secured $103 million through a financing investment round, which was led by Mandra Capital and SINA Corp. with participation from STI Financial Group, Shunwei Capital Partners, and ZHONG Capital Holding Group. The company… Read More
Read more in: Fintech, Asia | Tagged asia, china, fintech, investment, mantra capital, pintec, sina
International Tuition Payment Platform Easy Transfer Receives Tens of Million Yuan in Series A Financing This week, Easy Transfer announced that it has won tens of millions yuan in Series A financing, which was led by Zhen Fund and followed by IDG Capital. It is… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged china, china banking and insurance regulatory commission, hkma, hong kong, hong kong monetary authority, idg capital, payments, weiyangx, xu gao, zhen fund
In a recent conversation with Brazilian nationals, including a bank manager and an accountant, I was told that Bitcoin is “not popular” in Brazil. That may be about to change. Brazilian site Portal do Bitcoin have reported that representatives from the third largest cryptocurrency exchange… Read More
Read more in: Asia, Blockchain & Digital Assets, Fintech, Global | Tagged bitcoin, brazil, china, exchange, huobi
On Thursday, Chinese marketplace lending platform Dianrong announced its supply chain finance solution will be made available on Corda, R3’s blockchain platform for finance and business. According to the online lender, the new Corda app, CorDapp, will further expand Dianrong’s reach both in China and globally by leveraging… Read More
Read more in: Blockchain & Digital Assets, Asia, Investment Platforms and Marketplaces | Tagged asia, blockchain, china, dianrong, r3
In yet another blockchain news item emanating from China this week, multiple reports are sharing that China’s potential “president for life,” Xi Jinping, recently named blockchain as one of a triumvirate of new technologies (including IoT and AI) that will drive, “a new industrial revolution.”… Read More
Read more in: Asia, Blockchain & Digital Assets, Fintech, Politics, Legal & Regulation | Tagged china, xi jinping
Chinese tech behemoth TenCent is cooperating with tax authorities in the Shenzhen province to develop a blockchain-based and Big Dat-fed “intelligent tax” system. Tencent last year joined Facebook, Google and Amazon as one of handful of companies on the globe to pass the $500 billion… Read More
Read more in: Asia, Blockchain & Digital Assets, Fintech, Politics, Legal & Regulation, Regtech & Legaltech | Tagged china, ma huateng, taxes, tencent, wechat
The crypto press is reporting on several recent initiatives in China to advance the state of it’s blockchain sector and capitalize on efficiencies to government and business operations the new tech may allow. Coindesk reported on May 25th that the Xiong’An (or “Grand Shores”) fund… Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged china
Tsinghua PBCSF Global Finance Forum (2018) convened in Beijing On May 19, Tsinghua PBCSF Global Finance Forum (2018), which was hosted by Tsinghua University and organized jointly by the Tsinghua University PBC School of Finance (PBCSF), Tsinghua University National Institute of Financial Research (NIFR) and… Read More
Read more in: Asia, Blockchain & Digital Assets, Featured Headlines, Fintech, Global | Tagged ant financial, baihang credit rating, china, weiyangx, xu gao
This past week the Chinese National Committee of Experts on the Financial Security Technology issued a report highlighting fraud in the cryptocurrency marketplace. The government sponsored group pointed to 421 “fake virtual currencies coming from overseas.” China has effectively banned cryptocurrencies and initial coin offerings…. Read More
Read more in: Asia, Blockchain & Digital Assets | Tagged china, ethereum
Multinational Retail Giant Auchan Establishes a Joint Venture of Consumer Finance with China’s Bright Food Group On April 28th, France’s Oney Bank and Bright Food Group from Shanghai, signed an investment agreement to establish Shanghai Bright-Oney Consumer Finance Co., Ltd., and submitted the materials to… Read More
Read more in: Asia, Featured Headlines, Fintech, Global | Tagged alipay, china, china unionpay, minsheng bank, wechat, weiyangx
PBOC Bans Unauthorized APP to Access Credit Rating System Recently, the People’s Bank of China (PBOC), China’s central bank, issued a document named, “Notice on Further Strengthening the Management of Credit Information Security” (Yinfa [2018] No. 102) (hereinafter referred to as “Document No. 102”), to… Read More
Read more in: Blockchain & Digital Assets, Asia, Featured Headlines, Fintech | Tagged alibaba, ant financial, banking, china, payments, pboc, weiyangx, worldfirst, xu gao
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