Tagged: china

May 20, 2015 @ 8:00 am By JD Alois  |  

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

May 20, 2015 @ 3:01 am By Midori Yoshimura  |  

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

May 18, 2015 @ 8:52 am By Samantha Hurst  |  

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

May 15, 2015 @ 3:55 pm By JD Alois  |  

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

May 14, 2015 @ 11:26 am By Erin Hobey  |  

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

May 14, 2015 @ 8:02 am By JD Alois  |  

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

May 12, 2015 @ 5:51 pm By JD Alois  |  

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

May 5, 2015 @ 2:55 pm By JD Alois  |  

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

May 4, 2015 @ 12:08 am By JD Alois  |  

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

May 1, 2015 @ 4:25 pm By JD Alois  |  

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

April 30, 2015 @ 12:26 am By JD Alois  |  

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

April 29, 2015 @ 10:46 am By Samantha Hurst  |  

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

April 28, 2015 @ 4:36 pm By Samantha Hurst  |  

Scanadu, a health tech startup that is known for creating the “The Worlds First Medical Tricorder,”announced this week that it has raised $35 million during a series B financing round. According to TechCrunch, the round was led by Chinese investment firms Fosun International and Tencent Holdings Limited,… Read More

April 19, 2015 @ 11:37 pm By JD Alois  |  

  Former Secretary of Treasury Larry Summers delivered a solid and well received speech at LendIt last week where he criticized the failures of traditional finance while lauding the innovations of internet finance – one that will remove banking from the shadows of the past… Read More

April 18, 2015 @ 5:37 pm By JD Alois  |  

Peer to peer lender Lufax raised equity late last month. Crowdfund Insider reported the China based direct lender raised approximately $483 million or 3 billion yuan. Now a report in WSJ.com places a valuation of the P2P lender at nearly $10 billion making it one… Read More

April 17, 2015 @ 11:45 am By Samantha Hurst  |  

China Rapid Finance, a Chinese marketplace that specializes in lending and credit decisioning, announced that it has reached a new milestone – in the first two months since it launched the service, the company has provided more than 800,000 loans to Chinese borrowers over its… Read More

April 17, 2015 @ 2:03 am By Midori Yoshimura  |  

Beijing-based peer-to-peer lender Yirendai.com plans to raise about $300 million in a U.S. initial public offering, notes a recent BloombergBusiness story, citing people with knowledge of the matter. If the IPO takes place, Yirendai could become the first Chinese online-loan platform to list overseas, following the likes of offerings by U.S…. Read More

April 16, 2015 @ 11:30 pm By JD Alois  |  

China is the largest peer to peer lending market in the world today and is home to the largest platforms in the world as well.  While exact estimates vary, most followers put the number of China based P2P lending platforms at an incredible number of… Read More

April 14, 2015 @ 10:04 am By Samantha Hurst  |  

Chinese Internet Giant Baidu, and Carmel Ventures, Co-Lead $5M Investment Round in Tonara, the Leading Music Education Technology Platform Today, Tonara, a music education technology company, announced a $5 million investment round led by Baidu, China’s leading search engine, and Carmel Ventures. Baidu’s investment and partnership… Read More

April 12, 2015 @ 4:44 pm By JD Alois  |  

CreditEase, a China based peer to peer lender and wealth management company, has partnered with US based Wellington Management to invest in pre-IPO stage companies, according to a report in the China Daily. The agreement is described as one where CreditEase will provide the capital… Read More