Tagged: jd finance

December 29, 2018 @ 12:00 pm By Xu Gao  |  

Another Fintech Incubation Center Officially Begins Operation in Guangdong Province On December 20th, the Fintech incubation center (hereinafter referred to as “incubation center”) of Guangdong Financial High-tech Zone was officially put into operation, which will provide office space, policy guidance, project financing supports for Fintech… Read More

September 22, 2018 @ 6:58 pm By Xu Gao  |  

Shanghai Information Security Evaluation and Certification Center is Working on the Establishment of Blockchain Technical Security Standards According to a report called “Safety issues under the rapid development of the “blockchain +” industry”, blockchain security problems in 2018 have caused $2 billion in asset losses… Read More

July 21, 2018 @ 1:35 pm By Xu Gao  |  

Chinese Fintech Enterprises Raised ¥230 billion (USD $ 2.64 billion) in the First Half of the Year The integration of technology and finance has become a major trend in the development of the financial industry. The investment enthusiasm of the capital market for financial technology… Read More

July 14, 2018 @ 4:29 pm By Xu Gao  |  

Toutiao Marches into the Fintech Market with Cash Loan Products China’s leading digital media platform Toutiao has long denied the potential of entering the financial markets. However, it is reported this week that a series of cash loan products have launched on Toutiao’s app without… Read More

April 14, 2018 @ 8:35 am By Xu Gao  |  

Educational Installment Platform Xiaoniujh.com Secures Millions in A-round Financing On April 10th, Chinese leading installment financing platform for quality education Xiaoniujh.com announced that it had secured millions in an A-round financing. The investment was led by HG Capital and followed by Sina and Aplus Capital. Xiaoniujh.com… Read More

March 31, 2018 @ 1:16 pm By Xu Gao  |  

Cross-Border Payment Company iPayLinks Wins Hundreds of Million-Yuan B1 Round of Financing led by Tencent On March 28th, cross-border payment company iPayLinks announced that it had completed, at the beginning of this year, a hundreds of million-yuan B1 round of financing led by Tencent and… Read More

March 17, 2018 @ 12:48 pm By Xu Gao  |  

China to Combine CBRC and CIRC According to a State Council reform plan that was presented for deliberation during the National People’s Congress on March 13, China will abolish China Banking Regulatory Commission (CBRC) & the China Insurance Regulatory Commission (CIRC). Instead, it will establish… Read More

December 2, 2017 @ 12:37 pm By Xu Gao  |  

People’s Bank of China Official Shares Opinions About Fintech Sandbox During the third development forum held by Shanghai Payment & Clearing Association, Li Wei, head of the People’s Bank of China (PBOC) science and technology division, highlighted the importance of setting up trial-and-error mechanisms for… Read More

November 18, 2017 @ 11:24 am By Xu Gao  |  

A Unified Credit Rating System is On the Way People’s Bank of China, China’s central bank, has made plans to launch a united platform by the end of 2017 for collecting personal credit information and assessing people’s credit ratings. Setting up this platform means the… Read More

October 22, 2017 @ 10:30 am By Xu Gao  |  

  The State Council of China Encourages the Development of a Smart Supply Chain The State Council on October 13, 2017, released a guideline on promoting the innovation and application of the supply chain. The document was aimed at establishing a smart supply chain system… Read More

September 18, 2017 @ 10:49 pm By JD Alois  |  

JD.com, (NASDAQ:JD), China’s largest retailer, and JD Finance, along with Thailand’s largest retail conglomerate Central Group, and Provident Capital have announced an investment of up to $500 million to establish two joint ventures in Thailand covering e-commerce and fintech services, respectively. According to company representatives, the terms of the agreement indicate… Read More

September 2, 2017 @ 4:00 pm By Xu Gao  |  

Regulators in China are Said to Plan a Blanket Ban on Initial Coin Offerings In response of the ICO craze, regulators in China including PBC, CSRC and NIFA have held several internal meetings to discuss the best approach to regulate this emerging token creation events…. Read More

August 19, 2017 @ 8:18 am By Xu Gao  |  

Alibaba’s Yuebao Reduces Credit Limit for Personal Balance to RMB 100,000 Alibaba’s Yuebao is now the nation’s largest money market fund with assets hitting RMB 1.43 trillion (US$210.18 billion) as of the end of July, up sharply from the end of last year. On August… Read More

August 12, 2017 @ 12:31 pm By Xu Gao  |  

China Sets up Centralized Clearing Platform for Online Payments The People’s Bank of China, the country’s central bank, has required all banks and third-party payment institutions to connect to a unified platform by June 30 of 2018 to ensure effective regulation and transaction security. The… Read More

July 30, 2017 @ 10:46 am By Xu Gao  |  

China Issues Guideline on Artificial Intelligence Development Last week, China’s State Council has issued a guideline on artificial intelligence (AI) development, setting a goal of becoming a global innovation center in this field by 2030. The total output value of artificial intelligence industries is expected… Read More

June 13, 2017 @ 12:30 pm By Therese Torris  |  

This article highlights three takeaways for Fintech firms from Mary Meeker’s 355-page-long report: 1) The Internet’s center of gravity shifts to Asia; 2) The biggest get bigger; 3) Fintechs must use gamification to improve customer engagement. Since 2001, Mary Meeker, a Partner at venture capital… Read More

June 7, 2017 @ 12:10 pm By Therese Torris  |  

Big consultancies, such as PwC, Cap Gemini, KPMG, Deloitte and Accenture, research and analyze fintech developments to support the digital transformation of their banking customers. They promote this work through well-crafted free reports and white papers. The latest of such reports was published by Julian… Read More

April 8, 2017 @ 3:47 pm By Xu Gao  |  

  Ant Financial Opens its VR Pay Service Platform to Xiaomi and Huawei. On March 31, Ant Financial, the finance arm of Alibaba Group Holdings, revealed its new payment service for virtual reality shopping at the Shenzhen Innovation Week. The VR Pay system will greatly… Read More

March 2, 2017 @ 7:09 pm By Xu Gao  |  

CBRC Releases “Guideline” to Regulate Funds Custody of Online Lending Platforms On February 23rd, the China Banking Regulatory Commission（CBRC)released new guidelines to regulate funds custody of online lending platforms. According to the guidelines, online lending platforms and banks must follow the regulation to restructure their funds… Read More

February 15, 2017 @ 11:29 am By Xu Gao  |  

PBOC Becomes the First Central Bank to Issue Digital Currency Just at the start of 2017, People’s Bank of China (PBOC) took a big step in the area of digital currency. According to its announcement, PBOC has managed to test digital bill trading with beta-digital… Read More