Tagged: china

January 27, 2017 @ 1:30 am By Jessica Pham  |  

Citi’s latest report, “Digital Disruption – Revisited: What FinTech VC Investments Tell Us About a Changing Industry”, explores the evolving fintech industry.  In exploring different regions around the world, the report concludes: China’s rapid digitalization and rise of the middle class — combined with declining… Read More

January 23, 2017 @ 10:54 pm By JD Alois  |  

Wecash Group, one of China’s top Fintech firms, has entered the Indonesian market via a joint venture with JAS Kapital and Kresna Investments. Wecash is a big-data credit evaluation platform. Founded in 2014, Wecash was the first Chinese startup to leverage data to detect fraud and appraise consumers credit…. Read More

January 23, 2017 @ 9:45 am By Samantha Hurst  |  

CoAssets Limited, a Singapore-founded Fintech firm that is listed on the ASX (ASX: CA8), announced over the weekend it has invested RMB 1 Million (approx. A$194,000) in Fujian’s Da Xian Bing Internet Technology Ltd (“Da Xian Bing”).  The company stated that the investment, for 10% of Da… Read More

January 18, 2017 @ 3:00 pm By Samantha Hurst  |  

Credit China FinTech Holdings Limited, an integrated fintech service provider in China, was announced as a founding member of the newly developed organization, Global Blockchain Business Council (GBBC). Credit China FinTech is reportedly one of the 25 founding members of the GBBC and is considered the only… Read More

January 18, 2017 @ 1:14 pm By JD Alois  |  

Ant Financial Joins UNEP Sustainable Finance Initiative Ant Financial has signed the “Declaration on Environment and Sustainable Development” and joined the United Nations Environment Programme Sustainable Finance Initiative as a full member of the organization. In fact, China Merchants Bank and Industrial and Commercial Bank… Read More

January 17, 2017 @ 2:59 pm By Samantha Hurst  |  

Chinese peer-to-peer lending platform, Dianrong, announced on Tuesday its 2016 annual results. The company revealed that the cumulative trading amount exceeds RMB 16.2 Billion, which is notably a year-on-year increase of 148%, and growth in loans issued was funded by 3.62 million investors. Dianrong CEO,… Read More

January 17, 2017 @ 5:14 am By Erin Hobey  |  

China Rapid Finance Limited, a large Chinese consumer lending marketplace launched in 2001, added to its recent haul of awards and recognitions by being named to Hurun Report’s “2017 China New Finance Top 50.” CRF’s inclusion on the list reflects the company’s stable growth in consumer… Read More

January 15, 2017 @ 3:42 pm By JD Alois  |  

Apparently, the slowdown and consolidation of the Chinese peer to peer lending industry is having an impact on the real estate market. Colliers International is reporting that Shanghai Grade A office space experienced a rise in average vacancy due to the widespread withdrawal from peer to peer… Read More

January 15, 2017 @ 2:13 pm By JD Alois  |  

Investment crowdfunding platform Seedrs has partnered with InteBridge Venture Capital to host the upcoming China Innovation & Entrepreneurship International Competition (IEIC). The two companies have joined to launch the UK division of the IEIC competition where £1 million of equity free capital will be awarded. The… Read More

January 12, 2017 @ 10:03 pm By JD Alois  |  

The peer to peer lending market in China is the largest in the world. Thousands of platforms populate the online lending sector. The lack of appropriate regulations has allowed many platforms to set up operations quickly and easily. It has enabled incredible acts of fraud…. Read More

January 11, 2017 @ 8:49 am By Xu Gao  |  

JD & UnionPay Cooperate to Create a “Wall Street + Silicon Valley” Fintech Mode On January 4th, China UnionPay and JD jointly announced a new partnership that JD would become a new member of UnionPay’s acquirer team. Both sides will give full play to their… Read More

January 10, 2017 @ 2:55 pm By Samantha Hurst  |  

Postal Savings Bank of China (PSBC) announced on Tuesday it has teamed up with IBM to launch its blockchain-based asset custody system. As part of its work, the bank has also successfully executed more than 100 real business transactions on the blockchain since the system… Read More

January 9, 2017 @ 8:53 am By Samantha Hurst  |  

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

January 4, 2017 @ 9:42 am By JD Alois  |  

    Credit China FinTech Holdings Limited, along with China Huarong International, Shanghai Xinhua Publishing Group, Jilin Province Investment Group have launched the Asia Fintech Merger and Acquisition Fund with more than RMB 10 billion (approximately $1.44 billion) in value. In addition to the aforesaid state-owned… Read More

January 4, 2017 @ 9:02 am By Xu Gao  |  

Shanghai Launches New Regulatory Rules for Online Micro-Lending On 30th December 2016, Shanghai Municipal Financial Service Office published its first local regulatory rules for online micro-lending. According to this regulation, natural persons may borrow up to ¥200,000, while upper limit for lending to a legal… Read More

December 30, 2016 @ 3:41 pm By JD Alois  |  

As one year comes to end it is a good opportunity to reflect on past events. The preceding 12 months have been a momentous period for internet finance including capital formation online. Fintech started as a curiosity that engendered much excitement – and fear for some…. Read More

December 28, 2016 @ 6:30 am By Jessica Pham  |  

China’s Global Times has reported that the country established a foundation focused on financial and technology mergers and acquisitions throughout Asia.  Asia Fintech Fund of Funds (FOF) is based in Beijing and has 10 billion yuan (approximately $1.44 billion) in funding. Asia Fintech is the second… Read More

December 27, 2016 @ 11:34 am By JD Alois  |  

CreditEase has been recognized as the  “Best Non-Bank Private Wealth Product” by The Asian Banker, a Singapore-based provider of strategic intelligence on the financial services industry. The “Best Non-Bank Private Wealth Product” award was created to recognize the institution with the ability to meet the… Read More

December 27, 2016 @ 7:21 am By Xu Gao  |  

Suning.com Receives Authorization from CBRC to Set Up a New Private Bank On the 21st December, Suning.com, one of China’s leading e-commerce platforms, announced it had received authorization from the CBRC (China Banking Regulatory Commission) to set up a new private bank, named Suning Bank…. Read More

December 26, 2016 @ 11:09 am By Samantha Hurst  |  

Credit China FinTech Holdings Limited, an integrated fintech service provider in China, announced on Friday it would establish its Southeast Asia headquarters in Singapore by the end of the first quarter of 2017 to speed up the expansion of its business overseas. According to Credit… Read More