Tagged: china

July 11, 2017 @ 10:18 am By JD Alois  |  

Yirendai (NYSE:YRD), a China based peer to peer lender that is a sister company of CreditEase, has shared that a lawsuit filed against it in 2016 has been completely dismissed. The putative class action lawsuit was brought by multiple law firms pertaining to the decline in… Read More

July 10, 2017 @ 3:26 pm By JD Alois  |  

Wirecard has announced an agreement with Tencent’s WeChat Pay, one of the leading mobile payment solutions in China. WeChat or Weixin are deeply integrated into Chinese people’s daily life with a combined monthly active users of over 938 million. The mobile payment solution, WeChat Pay, has… Read More

July 10, 2017 @ 11:27 am By Samantha Hurst  |  

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

July 9, 2017 @ 2:35 pm By Cole Lyons  |  

The Chinese Fintech Company, Dashu, has recently announced the completion of a 800 M Yuan ($115 M USD) series C round with some big names backing the company. Dachu’s list of investors includes PAG, Chunhua Capital, Sequoia Capital China Fund, Everbright Holdings, and Huaxing Capital… Read More

July 9, 2017 @ 1:48 pm By Timothy Li  |  

After an exhausting flight from LAX to Hong Kong, I was greeted by friendly staff at LendIt China, also known as Lang Di Conference, at one of the busiest airports in the world. The amount of logistics communication from Bo Brustkern, Chairman at Lang Di… Read More

July 8, 2017 @ 9:12 am By Xu Gao  |  

Ant Financial Brings Artificial Intelligence to Auto Insurance On June 27th, The Alibaba Group financial affiliate rolled out an artificial intelligence-driven, image-recognition system to aid vehicle insurance claims adjusters in operating faster and more efficiently. In its demonstration in Beijing, Ant pitted man against machine,… Read More

July 5, 2017 @ 1:26 pm By JD Alois  |  

A Discussion with Charles d’Haussy, Head of Fintech, InvestHK. Hong Kong has been a definitive leader in global finance and trade for many decades. Yet when it comes to Fintech, embracing financial innovation has been slower than some other centers of alternative finance. But recently Hong… Read More

July 3, 2017 @ 6:59 am By Erin Hobey  |  

The Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Authority) and the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) entered into a new partnership to further develop and promote closer investment and financial innovation opportunities and collaborations for… Read More

June 27, 2017 @ 5:39 am By JD Alois  |  

DCM Ventures, a global VC firm with offices in Silicon Valley, China and Japan, has taken a stake in Chinese crowdfunding platform Duocaitou, according to a report in ChinaMoneyNetwork. DCM led the $10 million Series A round in the platform that focuses on real estate… Read More

June 26, 2017 @ 4:30 pm By Samantha Hurst  |  

dLocal, a fintech company specializing in cross-border payments for emerging markets, announced on Monday it has integrated WeChat Pay, AliPay, and UnionPay to its payment platform. According to dLocal, the three providers have collectively captured over 70 percent of the Chinese market, which notably translated into 2.9… Read More

June 24, 2017 @ 10:23 pm By Xu Gao  |  

Chinese Retailer Suning Launches Private Internet Bank Jiangsu Suning Bank Co., Ltd., a private online bank backed by Suning Commerce Group Co., Ltd., officially launched last Friday. Like many of its peers, Suning Bank aims to create an online-to-offline bank driven by technology and taking… Read More

June 23, 2017 @ 10:44 am By Samantha Hurst  |  

Microsoft Accelerator Shanghai (MASH), which was launched in January 2017, hosted its first batch’s graduation and demo day on Thursday. The event showcased a total of 14 startups that participated in the program. According to the program,10 out of the 14 startups have received new… Read More

June 19, 2017 @ 6:22 pm By Timothy Li  |  

During July 2016, I was part of a delegation of US Fintech executives visiting our counterparts in Hong Kong, Shenzhen, and Shanghai, China. We toured and visited some of the most exciting Fintech platforms in China such as LuFax, CreditEase, Tencent (the creator of WeChat),… Read More

June 18, 2017 @ 9:59 pm By JD Alois  |  

About a year ago, Crowdfund Insider connected with Julian Kwan, CEO and co-founder of Investacrowd, a real estate crowdfunding platform that was established in Singapore. Kwan was born in Australia but has spent the last 17 years in Asia – most recently Singapore. Having founded… Read More

June 17, 2017 @ 5:00 pm By Xu Gao  |  

China Issues a Five-Year plan on Fintech Facing the challenges from the online finance industry, the People’s Bank of China (PBOC) and four other departments including the China Securities Regulatory Commission (CSRC), China Banking Regulatory Commission (CBRC), China Insurance Regulatory Commission (CIRC) and Standardization Administration… Read More

June 15, 2017 @ 12:18 pm By JD Alois  |  

Leading global equity crowdfunding platform OurCrowd has recently formed a new partnership with P3 Innovation, part of Pico Far East Holdings Limited.  Founded in 2016, P3 Innovation is a strategic platform founded by the Pico Group that is located in Pico Creative Centre in Shanghai’s Jiading… Read More

June 13, 2017 @ 12:30 pm By Therese Torris  |  

This article highlights three takeaways for Fintech firms from Mary Meeker’s 355-page-long report: 1) The Internet’s center of gravity shifts to Asia; 2) The biggest get bigger; 3) Fintechs must use gamification to improve customer engagement. Since 2001, Mary Meeker, a Partner at venture capital… Read More

June 12, 2017 @ 2:45 pm By JD Alois  |  

Alibaba has been a trailblazer in many ways. One area that Alibaba wants to dominate is finance for both consumers and SMEs and they are well on their way.  Ant Financial, their financial services subsidiary, is executing on this vision and last week Eric Jing,… Read More

June 10, 2017 @ 4:00 pm By Xu Gao  |  

Tsinghua PBCSF Global Finance Forum (2017) convened in Beijing On June 3, 2017 Tsinghua PBCSF Global Finance Forum, which was hosted by Tsinghua University, and organized jointly by the Tsinghua University PBC School of Finance (PBCSF) and Tsinghua University National Institute of Financial Research (NIFR),… Read More

June 10, 2017 @ 10:15 am By Cole Lyons  |  

Sepaking at the recent WSJ D.Live Asia event in Hong Kong, Ping An CIO Jonathan Larsen said Ping An is launching a new fund to invest in early stage Fintech ranging from $10 million to $30 million, according to a report from Dow Jones (here)…. Read More