Tagged: china

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

October 2, 2015 @ 3:10 pm By JD Alois  |  

Fincera, a company that started in the transportation and automotive leasing business, is getting out of this sector to focus on internet finance.  The company announced earlier this week that “the company’s legacy truck leasing business ceased initiating new leases in August 2015.”  It’s internet… Read More

September 30, 2015 @ 12:18 am By Midori Yoshimura  |  

China recently noted that it will promote greater use of equity crowdfunding for startups to encourage entrepreneurship, according to a Cabinet document posted on the central government’s website, writes the South China Morning Post. Repeatedly, the Chinese government has stated its interest in stimulating employment in the state-dominated… Read More

September 26, 2015 @ 1:20 pm By JD Alois  |  

Back in April of this year, Jimubox, a young peer to peer lending platform based in Beijing, closed a funding round of $84 million.  Jimubox, founded only in August of 2013, has quickly risen to become one of the leading direct lending platforms in the… Read More

September 20, 2015 @ 9:38 pm By JD Alois  |  

The financial sector in China is changing perhaps more radically, and more quickly, than in any other sovereign nation in the world.  The industry is being compelled to adjust to the realities of slowing economy and a banking sector that was not created to provide… Read More

September 15, 2015 @ 1:08 am By Midori Yoshimura  |  

  Recently, Soul Htite, co-founder and CEO of Dianrong.com, one of China’s fastest-growing peer-to-peer lenders, did a little debunking of P2P and conventional banking assumptions. In a recent exclusive interview with FinanceAsia, he noted, One of the common misconceptions of P2P lenders is that they go head-to-head with… Read More

September 10, 2015 @ 12:30 pm By Erin Hobey  |  

With the financial support of Shenzhen-listed Hakim Co., Ltd, a Hangzhou-based smart building and smart city services provider, during both its Series A and Series B funding rounds, the Hangzhou-based P2P lending platform Weidai has completed RMB150 million (US$24 million) Series B financing. According to Chinese Money… Read More

September 2, 2015 @ 11:55 pm By JD Alois  |  

Peer to peer lending keeps going higher in China.  The world’s largest direct lending market topped 97.5 billion yuan ($15.3 billion) in August according to a report in the Shanghai Daily. To put this in comparison, Lending Club in the US has funded just over… Read More

August 31, 2015 @ 1:09 am By Midori Yoshimura  |  

    Boost your credit score by social networking and playing online games? Don’t hit the “Back” button–this isn’t clickbait. Instead, it’s what China Rapid Finance, one of China’s largest peer-to-peer lending sites, believes–they’ve just rated 50 million Chinese consumers for creditworthiness using social networking and… Read More

August 27, 2015 @ 3:29 pm By JD Alois  |  

Real estate crowdfunding platform CoAssets is looking to set up shop in neighboring Malaysia.  Earlier this year Malaysian securities authorities announced the approval of 6 investment crowdfunding platforms but CoAssets, based in Singapore, was not on the list.  Denied at the time,  CoAssets is currently… Read More

August 27, 2015 @ 8:48 am By James Tuckett  |  

Hold the front page – the Chinese economy is slowing down. Who didn’t see that one coming? In an age of intertwined economies, extreme volatility in China is being exported globally. Calamity across the Chinese commodity markets this week is having largely foreseen global consequences…. Read More

August 24, 2015 @ 9:28 pm By JD Alois  |  

Dianrong, a Chinese peer to peer lending platform, has received a new funding round in the amount of $207 million led by Standard Chartered with  participation from China Fintech Fund and Bohai Leasing.  The Series C funding was declared the largest ever for the direct… Read More