Tagged: china

August 9, 2015 @ 2:32 pm By JD Alois  |  

In the fast changing world of equity crowdfunding Equitise, with offices in both New Zealand and Australia, is charting new territory with a “ground breaking” offer to partially crowdfund an initial public offering (IPO) on the Australian Stock Exchange (ASX).  This is another sign of the… Read More

August 5, 2015 @ 4:06 pm By Samantha Hurst  |  

Jibo, Inc., the company behind Indiegogo success family robot, Jibo, has closed $11M in a Series A extension round with strategic investors from Taiwan, Japan, Korea and China. Participating investors include: Acer (Taiwan) – Established in 1976, Acer is a hardware + software + services company… Read More

August 4, 2015 @ 1:01 pm By JD Alois  |  

Renren, a Chinese social media platform and significant investor in disruptive finance, is going through a period of turmoil.  On July 31st acting Chief Financial Officer, Mr. Ashley Law Kwok Wai, resigned from his position at the company to “pursue another career opportunity”. Around the same time… Read More

August 4, 2015 @ 12:29 pm By Erin Hobey  |  

“China’s central bank has moved to defend draft rules that would force online payment processors to channel large payments through traditional bank accounts, a requirement that industry observers say will stifle innovation while protecting the interests of incumbent banks,” reported FT’s Gabriel Wildau. “The People’s Bank of China… Read More

August 4, 2015 @ 12:18 pm By JD Alois  |  

Scott Picken is based in South Africa but he clearly thinks big when considering the addressable market for his real estate crowdfunding platform Wealth Migrate. It is his opinion that banking, insurance, real estate – basically all aspects of finance –  will be revolutionized by… Read More

August 4, 2015 @ 11:24 am By JD Alois  |  

Alibaba continues to expand its strategic push into financial services with the significant hire of Michael Evans as President of Alibaba Group. According to the company, Evans will direct international growth strategy for the fast growing internet conglomerate.  Evans was already a member of the… Read More

July 30, 2015 @ 4:44 pm By Samantha Hurst  |  

With only three more days until Red Ash’s Kickstarter comes to an end, it looks like the game will not receive its full $800,000. But no worries Keiji Inafune fans, the project will still get off the ground thanks to Chinese digital entertainment company FUZE Entertainment. The game, which… Read More

July 28, 2015 @ 1:08 am By Midori Yoshimura  |  

  Moody’s Investor Service on Monday said that tighter regulations in China, which is Aa3 stable, have been successful in slowing the growth of core “shadow banking” activity. However, other alternative banking activities have been expanding more rapidly–a situation akin to pushing down on an inflating air mattress and watching the surrounding space rise… Read More

July 27, 2015 @ 1:27 pm By JD Alois  |  

Jason Best, Principle at Crowdfund Capital Advisors and early proponent of crowdfunding, hit the studios of CNBC to chat up investment crowdfunding and its largest market – China.  Best notes that crowdfunding, both debt and equity, is an important part of China policy and their… Read More

July 19, 2015 @ 11:52 pm By Midori Yoshimura  |  

    With China’s stock market crash still recent, the People’s Bank of China (PBC) released guidelines for the country’s rapidly burgeoning online finance market at the start of this weekend, outlined in a document published by the PBC.  The peer to peer lending industry in… Read More

July 17, 2015 @ 1:31 pm By Samantha Hurst  |  

Earlier this year, Beijing-based Jide Technology hit Kickstarter with a mission to raise funds for its laptop, Remix. The device was described as an Android 4.4.2 based, 11.6” ultra-tablet that provides “the best” mobile productivity and communication experience for all of its users. During its funding round, Remix… Read More

July 14, 2015 @ 11:50 am By JD Alois  |  

Luxe.Co & Fashion.VC have announced raising RMB 10 million (USD $1.6 million) via equity crowdfunding. According to the company, investors included ZhenFund led by Xu Xiaoping plus 12 angel investors.  Xiaoping is the founder of New Oriental a publicly traded company on the NYSE. Luxe.Co… Read More

July 8, 2015 @ 1:29 am By Midori Yoshimura  |  

  China has still not issued crowdfunding regulations, leading big developers to seek out legal advice when employing crowdfunding, according to a recent article in the South China Morning Post. Given that the mainland authorities have also not licensed any crowdfunding platform, industry experts suggest that the… Read More

July 6, 2015 @ 12:39 pm By JD Alois  |  

MYBank, a new online only bank, is poised to challenge China’s state owned banks with its 100% digital, branchless banking operation that will serve customers 24 hours a day. This is one of China’s first privately owned internet banks as China pushes forward in the… Read More

July 5, 2015 @ 11:11 am By JD Alois  |  

Crowdfund Insider recently published an article about a worrying issue in the crowdfunding space: Crowdfunding campaigns that are not really innovative and new but simply re-packaged products already for sale elsewhere – typically on Alibaba.  Since all things tech are mostly manufactured in Asia – many… Read More

June 29, 2015 @ 9:46 am By Samantha Hurst  |  

Lufax, China’s finance marketplace, announced today that its flagship P2P marketplaces have reached 10 million registered users. Gregory Gibb, Chairman and CEO of Lufax, stated: “We are excited to achieve this significant milestone. Our growth continues to accelerate as Lufax users experience the security, innovation and convenience… Read More

June 27, 2015 @ 10:56 am By JD Alois  |  

One of China’s largest direct sales platforms JD.com (Nasdaq:JD), and US based ZestFinance, a have formed an agreement to launch a joint venture called JD-ZestFinance Gaia.  This new partnership is designed to support the development of consumer credit in China.  The combined initiative will incorporate ZestFinance’s… Read More

June 24, 2015 @ 11:32 pm By Midori Yoshimura  |  

China’s crowdfunding and peer-to-peer lending markets have frequently featured in the news, as China seeks to decrease fraud in its rapidly expanding Internet finance world. Now, Beijing’s financial supervision agencies are using big data to crack down on illegal fundraising, with an online pre-warning platform already… Read More

June 22, 2015 @ 10:15 pm By JD Alois  |  

Fundrise, a trailblazer in the real estate crowdfunding space, is looking to expand and China is high on the list.  It is a natural step for the platform as the largest investor in Fundrise is Renren, a publicly traded social media platform based in Beijing…. Read More

June 19, 2015 @ 9:49 am By Samantha Hurst  |  

Wanda Group, China’s commercial developer by sales, is trying its hand at internet finance in the form of their crowdfunding app “Stable Earner No. 1,” which launched earlier this month and succeeded in raising RMB5 billion in just three days, reportedly smashing a global crowdfunding record in the process. On Thursday, the… Read More