Tagged: china

Chinese P2P Renrendai Delays IPO: Going Public May Hinder Innovation

An initial public offering may be the ultimate goal for many internet start-ups, but not for Chinese peer-to-peer lender Renrendai, reported Kwong Man-ki of the South China Morning Post. “We will go for an IPO eventually, but we don’t have a timeframe. We’ll probably do… Read More

China Rapid Finance CEO Highlights Policy Challenge in Regulating P2P

The freewheeling world of peer to peer lending may come to an end later this month in the worlds largest P2P lending market. China is expected to release a regulatory regime that will tighten control of internet finance – a sector that has grown incredibly… Read More

Wanda Group Teams Up With 99 Bill to Launch China’s First Commercial Property Crowdfunding Project

Wanda Group and 99 Bill jointly introduced China’s first commercial property crowdfunding project called “Stable Earner No.1” on June 8th, officially announcing the launch of Wanda’s Internet finance business. By innovating the traditional financing model of commercial property and leveraging innovative Internet finance tools, this project directly injects… Read More

Soul Htite: “We want to bring US Capital to China”

China is the largest peer to peer lending market in the world with one estimate placing total loans at over $53 billion for all of 2014. Last week we reported that loan originations were near $10 billion – for just the month of May.  The space… Read More

Almost $10 Billion in P2P Loans for Month of May in China

According to a recent report, peer to peer loans in China hit a record high amount for the month of May topping $9.8 billion.  In April the amount of P2P loans was pegged at $8.9 billion. The report in the Shanghai Daily also stated that dodgy… Read More

‘It’s A Lot Of Money….Enough For Us To Build What We Wanted To Build”: Dianrong.com CEO On New Valuation of ‘About’ $1 Billion

A major Chinese peer-to-peer lender, Dianrong.com, now claims a valuation of “around” $1 billion, due to its latest round of fundraising, according to the company’s CEO, Soul Htite, in a conversation with CNBC (Reuters also contributed to the story). U.S. investment firm Tiger Global was the source… Read More

NetEase Partners with HNA Group, Everbright Securities on Crowdfunding

NetEase (NASDAQ: NTES), one of China’s leading Internet and online game services providers, has announced that is subsidiary Ujia E-commerce Co., Ltd., has signed an agreement with Everbright Securities Co., and HNA Group to form a joint venture company. The joint venture is described as having a primary… Read More

Brief: K-Lend Updates Loan Originations

Auto China’s K-Lend, a peer to peer lending platform for vehicle financing, has just published an update for Q1 2015 operations. The Company announced that it recorded 1,180 new leases of commercial vehicles (primarily Class 8 heavy trucks) as part of the Company’s sales-type leasing… Read More

China Rapid Finance Provides Over 1.1 Million Loans in Just 3 Months

Peer to peer lender China Rapid Finance has originated an astounding 1.1 million in loans to Chinese borrowers in just three months time – as of April 30th. The impressive number is indicative of the demand for capital in the largest P2P lending market in… Read More

UPDATE: Launch of New Zealand P2P Lender LendMe Delayed By Alliance Talks With Local Bank

A New Zealand peer-to-peer lender recently dubbed the first P2P lender in the country to specialize in secured lending has delayed its launch, according to Interest.co.nz. The delay is due to the company, LendMe’s, planned talks aimed at forming an alliance with a New Zealand bank. LendMe founder… Read More

Cogobuy Unveils First Quarter Unaudited Operation Results

Cogobuy Group (Stock code: 400.HK), an e-commerce service platform for the enterprise procurement of electronics manufacturing industry in China, is pleased to announce its unaudited operation summary for the three months ended March 31st. The total GMV of the Cogobuy’s operations was RMB2,491.0 million, representing an increase of 62.9%… Read More

Shanghai Listed Real Estate Developer Changes Company Name to Include P2P. Boosts Investor Interest. Exchange Halts Trading

Just another sign that internet finance is hot, and probably too hot, in the largest peer to peer lending market in the world. According to a report, Shanghai Doulon Industry announced it would be changing its business name to P2P Financial Information Service.  An announcement… Read More

HAX Unveils 15 New Hardware Startups: Disrupting IoT, Health and Wellness Industries

Technological Innovation in Health Tech, Robotics and Smart Sensors Take Stage at HAX’s Accelerator Demo Days 15 hardware startups culminated an intensive 111-day accelerator program by revealing their products at HAX’s sixth annual Demo Day (formerly known as HAXLR8R). Each company  spent three months in Shenzhen, China,… Read More

Internet Finance+ Beijing Summit

The traditional finance could not meet the needs of ever-increasing SMEs, and China is no exception. In March 2014, the words “internet finance” first ever appeared in the official report of Chinese government with the objective to drive entrepreneurships and spur employment. Soon it became… Read More

China Banking Regulatory Commission Said to Ban High Risk P2P Products

With final regulations expected this coming June, details continue to trickle out regarding the approach the China Banking Regulatory Commission (CBRC) will take in cracking down in a rather chaotic peer to peer lending industry in China. China is presently the largest peer to peer… Read More

P2P Loans in China Said to Top $8.9 Billion in April

China is the largest peer to peer lending market in the world originating over $40 billion in loans for 2014.  While estimates vary, there are over 1500 p2p lenders in the country today – a number that is expected to decline once the government releases… Read More

CreditEase CEO: Thoughts on Internet Finance

Ning Tang, CEO and founder of CreditEase – the first peer to peer lending platform in China, recently shared “ten thoughts” about the evolution of P2P lending and online finance. CreditEase was founded in 2006 prior to P2P lending becoming a popular term, the CreditEase… Read More

AutoChina’s P2P Lending Platform K-Lend Has Originated 500 Million Yuan

AutoChina International just reported 4th quarter 2014 financial resorts. AutoChina is a “leading provider of innovative financing solutions for China’s transportation industry”. The spread between quarter close and results may be slow for the US, but is typical for China. AutoChina (OTCBB: AUTCF) announced decent… Read More

Dodgy Peer to Peer Lending Platforms Proliferate in China as New Regulations Near

The number of complaints regarding peer to peer lending fraud in China continues to escalate, according to a report published by government officials. According to Tech QQ (part of Tencent), the Ministry of Public Security states that 8,700 cases of illegal fundraising were reported in… Read More

FOR SALE: OUYA Is Officially On the Market

Last September, Crowdfund Insider revealed that OUYA was rumored to be making its way to the sale block. The Android gaming startup rocketed to fame and potential fortune back in 2012 during a 29-day Kickstarter campaign, which it raised $8,596,474 from over 29,000 backers.  Unfortunately, the device consistently… Read More

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