Tagged: china

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

November 24, 2015 @ 10:31 pm By JD Alois  |  

Dianrong, a leading peer to peer lending platform in China, raised a respectable $207 million a couple months back.  Now the online lender is considering its next funding round which may hit half a billion dollars as the Chinese P2P market continues to outpace traditional… Read More

November 23, 2015 @ 3:33 pm By Samantha Hurst  |  

Just one month after information about PepsiCo China’s smartphone, Pepsi P1, was reportedly leaked to the public, the popular beverage brand announced that it is not only working with a licensing partner to develop a line of mobile phones and accessories, but it has also… Read More

November 19, 2015 @ 11:19 pm By Spencer Li  |  

When the State Council of China issued its guidelines for the internet finance industry in July, the single most talked about guideline among platform operators is the government’s encouragement of banks to provide custodian services for investor funds used for platform transactions. Many have interpreted… Read More

November 18, 2015 @ 2:15 am By Midori Yoshimura  |  

China’s Internet search giant Baidu will partner with China Citic Bank, part of state-owned conglomerate Citic Group, to launch an online bank, according to the Financial Times. The FT notes that Citic Bank, suspended its shares in Shanghai and Hong Kong on Monday pending announcement… Read More

November 17, 2015 @ 9:26 am By JD Alois  |  

CrowdPlus.Asia is the first, of the approved platforms, to launch in Malaysia – and across multiple Asian markets. CrowdPlus.asia will focus on the ASEAN market, having established a presence in Malaysia, Thailand and Vietnam, as well as mainland China and Hong Kong where there is a number… Read More

November 12, 2015 @ 3:35 pm By Samantha Hurst  |  

On Thursday, Cogobuy Group (stock code: 400.HK), an e-commerce platform that serves the electronics manufacturing industry in China, announce its unaudited operating results for the three months ending on September 30th.  During the quarter, the Cogobuy’s three major businesses achieved robust growth. The total GMV of… Read More

November 7, 2015 @ 12:38 pm By Spencer Li  |  

  Last month I attended LendIt Europe in London (Oct. 20-21) to learn more about developments in the marketplace lending industry in the UK and in broader continental Europe. LendIt has once again done an excellent job organizing the conference and brought together a wealth… Read More

November 4, 2015 @ 9:25 am By JD Alois  |  

Peer to peer lending continues to grow dramatically in China. We have become accustomed to regular reports of record-setting months of loans originated.  October was apparently no different, according to a report in the ShanghaiDaily, P2P lenders transacted 119.6 billion yuan or over $18.9 billion… Read More

November 3, 2015 @ 7:07 am By Spencer Ang Li  |  

A bit late on providing this update, but back in August, the People’s Supreme Court of China issued a new ruling on matters related to private lending in China. Private lending is defined as lending between persons or entities that are not financial institutions sanctioned… Read More

October 27, 2015 @ 7:49 am By JD Alois  |  

Edinburgh-based investment crowdfunding platform ShareIn is targeting China as a unique opportunity.  Announced today at the World Crowdfunding  Conference taking place in Guiyang, China, the company stated it would launch the first joint, China – UK crowdfunding campaign designed to allow Chinese investors to purchase… Read More

October 26, 2015 @ 7:51 am By JD Alois  |  

China’s internet finance industry continues to grow dramatically, but this rapid growth has been paired with a high number of dodgy p2p platforms and failures.  According to a report published in QZ, research completed by Morgan Stanley and Wangdaizhijia states that since 2007, 370 peer… Read More

October 23, 2015 @ 4:00 pm By Samantha Hurst  |  

  Offering up an update to backers of its recent Kickstarter project, Remix Mini, Jide Tech announced shipping details for the already popular Android PC. The Beijing-based startup described Remix Mini as a simple to use computer that connects to any screen, keyboard and mouse, allowing users to use… Read More

October 12, 2015 @ 2:03 pm By JD Alois  |  

AngelList has posted a “few announcements” on their blog today.  CSC Upshot, a new venture capital firm, has raised a $400 million fund to invest in startups on AngelList.  According to AngelList this is the 3rd largest seed stage fund ever.  AngelList has raised approximately… Read More

October 11, 2015 @ 5:08 pm By Spencer Li  |  

  At the end of July, China’s central bank issued a set of draft regulations on online payments for public opinion, which recently concluded at the end of August. The draft rules were hailed by industry players and media as the “harshest rules in history”… Read More

October 9, 2015 @ 9:08 am By JD Alois  |  

A web platform that tracks peer to peer lending in China has stated that September was another record month for online lenders. According to a report in the ShanghaiDaily, P2P transactions hit 115.2 billion RMB ($18.1 billion USD) last month. Online Lending House stated monthly… Read More

October 6, 2015 @ 10:55 am By Zhao Liang  |  

The concept of crowdfunding is derived from crowdsourcing and micro-finance. Crowdfunding is a financing process for individuals and enterprises to raise funds from the public via the internet. Crowdfunding platforms, project initiators, and investors are the participants in crowdfunding. Open online project exhibition, fund raising… Read More

October 5, 2015 @ 12:32 pm By JD Alois  |  

RenRen is a publicly traded company that is listed (ADRs) on the New York Stock Exchange (NYSE:RENN). The company is making an attempt to go private and has an offer on the table to buy-out shareholders at a price of $4.20 per share. RenRen’s traditional… Read More