Tagged: china

May 30, 2018 @ 7:29 am By Cali Haan  |  

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

May 28, 2018 @ 7:23 pm By Cali Haan  |  

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

May 26, 2018 @ 5:21 pm By Xu Gao  |  

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

May 20, 2018 @ 3:35 pm By JD Alois  |  

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

May 19, 2018 @ 6:46 pm By Xu Gao  |  

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

May 12, 2018 @ 10:32 am By Xu Gao  |  

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

May 11, 2018 @ 1:38 am By JD Alois  |  

BTC.com, a prominent platform for cryptocurrency users (that is affiliated with Bitmain), has announced the BTC.com mobile wallet will be the first cryptocurrency app released on Huawei’s AppGallery. The BTC wallet claims to have more than one million users, having processed USD$ 5 billion since… Read More

May 9, 2018 @ 1:18 pm By JD Alois  |  

Synereo, a company that is developing decentralized tech for content creation and distribution, has formed a partnership with Shanghia based Qiyi Culture, described as one of China’s top online content production companies. Qiyi Culture is said to have over 30 million viewers for single original… Read More

May 1, 2018 @ 1:04 pm By Erin Hobey  |  

Chinese search behemoth Baidu Inc, (NASDAQ:BIDU) has nabbed a $1.9 billion investment from firms including TPG, the Carlyle Group, Agricultural Bank of China Ltd. and Taikang Group, to ready itself to compete in the financial-services space, according to the WSJ. The transaction will reportedly value the unit at $4B,… Read More

April 30, 2018 @ 4:04 pm By Samantha Hurst  |  

On Monday, Circle International announced it has formed a partnership with payment gateway platform Lakala to facilitate cross border payments between Malaysia and China.  While sharing details about the partnership, CEO and Founder of Circle, Dato’ Brian Tan, stated: “Through the partnership with Lakala, Circle International… Read More

April 30, 2018 @ 12:06 pm By JD Alois  |  

According to a report in Xinhua, eight people were arrested in Shanghai for an astounding Ponzi scheme that rivals the Ezubao fraud and the Madoff scandal. Allegedly, more than 60 billion yuan ( or US $9 billion) was stolen from investors by Shanlin Finance a peer… Read More

April 29, 2018 @ 12:00 pm By Cali Haan  |  

#MeToo activists at Peking University have attempted to permanently log accusations of on-campus harassment on the Ethereum public blockchain, Quartz  reports. This story begins this year on April 5th, China’s national day for honouring the dead. Inspired by recent #MeToo activism in China, including numerous reports… Read More

April 28, 2018 @ 10:45 am By Xu Gao  |  

Financial Inclusion Platform FINUP Plans Public Listing in Hong Kong On April 23, China’s leading financial inclusion platform FINUP filed a listing application for the Hong Kong Exchanges and Clearing Limited (HKEX). According to statistics, FINUP will be the fifth Fintech company from mainland China… Read More

April 24, 2018 @ 11:43 am By Erin Hobey  |  

Abu Dhabi Global Market, the international financial centre of Abu Dhabi, UAE (ADGM) and Shanghai Stock Exchange (SSE), China’s largest securities exchange, have today entered into a Memorandum of Understanding (MOU) to co-operate on the establishment of a “Belt and Road” Exchange in ADGM.  This… Read More

April 21, 2018 @ 2:45 pm By Xu Gao  |  

Ant Financial and Bank of China Collaborate on Blockchain-based House Leasing Project in Xiong’an New Area On April 20th, Ant’s Xiong’an Digital Technology Co., Ltd. and the Xiong’an branch of Bank of China, signed a strategic cooperation agreement in Xiong’an New Area. In the future,… Read More

April 19, 2018 @ 8:28 am By Samantha Hurst  |  

China-based consumer finance platform LexinFintech announced on Thursday it is planning to invest a total of ¥1 billion in partner cooperations over the next three years in order to better save its customers and expand its credit services. According to LexinFintech, Jay Wenjie Xiao, the company’s… Read More

April 16, 2018 @ 7:48 pm By Cali Haan  |  

According to 8btc, Gao Xiaosong, host of the #1 talk show in China and Chairman of Alibaba Music, defended cryptocurrencies in an episode of “Morning Call” aired last Friday. “I cannot figure out why so many people are mean to virtual currency. (After all) currencies… Read More

April 9, 2018 @ 7:43 am By Samantha Hurst  |  

SenseTime, a Chinese artificial intelligence (AI) company, announced on Monday it raised $600 million during its Series C round of funding, which was led by the Alibaba Group with participation from  Temasek and Suning. This round of funding comes less than a year after the company raised $410 million through its… Read More

April 6, 2018 @ 1:00 pm By Samantha Hurst  |  

Chinese smartphone developer Xiaomi announced plans to launch a new crowdfunding platform in India called Mi Crowdfunding. India is reportedly the second country Xiaomi has introduced crowdfunding to test new products. Through the new funding portal, Xiaomi can fund and sell the products launched. Xiaomi… Read More

March 31, 2018 @ 1:16 pm By Xu Gao  |  

Cross-Border Payment Company iPayLinks Wins Hundreds of Million-Yuan B1 Round of Financing led by Tencent On March 28th, cross-border payment company iPayLinks announced that it had completed, at the beginning of this year, a hundreds of million-yuan B1 round of financing led by Tencent and… Read More