Tagged: china

December 30, 2015 @ 12:26 pm By JD Alois  |  

The Chinese online lending industry continues to reflect upon the just announced rules proposed in the last week.  There is a huge shakeout coming in China as some platforms will probably cease to exist. CCTV has filed a report reviewing the rules, highlighting the major… Read More

December 30, 2015 @ 11:37 am By JD Alois  |  

This is a pretty powerful statement coming out of China in response to the recently announced peer to peer lending rules.  Xu Hongwei, CEO of Shanghai-based Yingcan Group, a research company that tracks the myriad of P2P lenders in China.  As quoted in China News, Xu Hongwei… Read More

December 29, 2015 @ 9:59 am By JD Alois  |  

In China, there is an estimated $21 trillion held in savings deposits.  This incredible sum was described in Bloomberg as one of the most significant financial opportunities that will take place as capital borders open in the most populous country in the world. HengXinLi, a… Read More

December 28, 2015 @ 8:56 am By JD Alois  |  

As has been widely expected for some time, China regulatory authorities revealed proposed rules to reign in the fast growing peer to peer lending industry.  While online lending has filled a serious void in providing access to capital the lack of rules have created an… Read More

December 27, 2015 @ 5:33 pm By JD Alois  |  

The video report from China News, states risk is at an alarming rate in China for investors in peer to peer lending. Chinese authorities recently put the hammer down on Ezubo (sometimes spelled Ezubao), shuttering the firm and whisking away its Chairman. The report states… Read More

December 26, 2015 @ 10:53 am By JD Alois  |  

Peer to peer lending iQuianjin states that in a survey of 5000 investors, P2P lending ranked number 3 in popularity. The research was completed with the assistance of AdMaster a marketing / data technology company.  According to the information, as reported by China News, for… Read More

December 23, 2015 @ 12:30 pm By JD Alois  |  

Exploding “Hoverboards” are everywhere in the news these days. Craptaculous products by manufacturers with questionable quality control have placed the entire sector under scrutiny.  Recently an apartment in Hong Kong was torched by a combusting Hoverboard leaving residents homeless. The Lithium battery “exploded several times”…. Read More

December 22, 2015 @ 1:51 pm By Elena Mikhaylova  |  

Crowdfunding continues to grow globally. The largest rewards platform, Kickstarter, has hosted close to 100,000 successfully funded projects and has assembled a community of almost 10 million backers. It has been aggressively expanding internationally this year. Some studies suggest that most of the growth in… Read More

December 20, 2015 @ 5:02 pm By JD Alois  |  

Speaking at the World Internet Conference (WIC), Eloan CEO Wang Sicong explained his version to become the UBER of peer to peer lending; “We see ourselves as a sharing platform like Uber. Eloan has about 1,600 local partners who manage and oversee lending in their… Read More

December 18, 2015 @ 10:56 am By JD Alois  |  

Yirendai, a subsidiary of one of the largest Chinese peer to peer lenders CreditEase, launched its IPO on the Near York Stock Exchange (NYSE) under the ticker symbol “YRD”.  The American Depository Shares (ADS) were priced at $10 per share.  According to the company, 7.5 million… Read More

December 18, 2015 @ 9:48 am By Samantha Hurst  |  

This week, Chinese fintech marketplace Jimubox, announced the launch of JimuStock, an online stock trading platform that provides seamless access to the US equities market for the emerging Chinese affluent class. The initiative is the first of its kind in the country’s booming Internet finance sector… Read More

December 17, 2015 @ 12:09 pm By JD Alois  |  

Monexo is a Hong Kong based peer to peer lending platform that seeks to provide financing to SMEs in the region. Founded by Mukesh Bubna, a long-time Citibank executive, Bubna recently commented on the investigation into Ezubo – a China-based peer to peer lender.  Ezubo (sometimes spelled… Read More

December 15, 2015 @ 9:53 am By JD Alois  |  

  A recent report published by ACCA, provides a fascinating insight into the largest peer to peer lending market in the world – China. The research has been authored by Dr. Luke Deer from the University of Sydney (and a research associate with the University… Read More

December 14, 2015 @ 12:51 pm By JD Alois  |  

Peer to peer lender Lufax is close to raising $1 billion at an astounding valuation of $18 billion.  Shanghai based Lufax, recently rebranded as Lu.com, raised capital earlier this year at a solid $10 billion valuation. Investor demand is said to be very strong. But,… Read More

December 12, 2015 @ 11:00 am By JD Alois  |  

Internet juggernaut Alibaba opened their wallet a tiny bit and purchased the assets of the South China Morning Post (SCMP) last week. The company stated it was a strategic move in recognition of providing insight into one of the world’s largest economies. One of the… Read More

December 10, 2015 @ 8:21 am By JD Alois  |  

In a sign of a more vigilant approach by Chinese authorities regarding questionable peer to peer lending platforms, Ezubo (Ezubao) saw 1.1 billion yuan frozen by the government  and the Chairman, Din Ning along with other top executives were said to be in police custody according… Read More

December 9, 2015 @ 7:30 am By Spencer Li  |  

On November 16, 2015, Yirendai, an “online” Chinese marketplace lending platform, filed its Form F-1  (Form F-1 /A) with the SEC for an IPO listing on the NYSE. Yirendai is a subsidiary of CreditEase, a sizeable financial services firm in China that provides lending and wealth… Read More

December 4, 2015 @ 3:26 am By Spencer Li  |  

Following in the footsteps of Chinese internet giants such as Alibaba, Tencent, and JD.com, leading Chinese P2P platforms have begun evolving into one-stop wealth management platforms. Alibaba’s Ant Financial, Tencent’s WeBank, and JD.com’s JD Finance (for some background on these platforms, please refer to a… Read More

November 27, 2015 @ 1:00 pm By Samantha Hurst  |  

Dianrong, a leading Chinese peer-to-peer (P2P) lending platform, and Hanwha S&C announced on earlier this week that that both have signed a Memorandum of Understanding (MOU) which formalizes the intention of a strategic partnership to pursue a FinTech solution business and other businesses related to internet… Read More

November 26, 2015 @ 10:26 am By JD Alois  |  

Chinese officials announced last year they were slashing executive pay at banks.  This was part of a push to reform the banking system by limiting waste and stifling corruption.  According to a report in Time Weekly, banking executives have a salary cap of just 600,000… Read More