China Launches a 100-billion-yuan technology investment fund: Chinese Version of the Vision Fund? On July 2, China Merchants Group, Beijing Asset Management Corporation SPF Group and London’s Centricus Corporation announced to launch a 100-billion-yuan investment fund – “China New Era Technology Fund.” The fund aims… Read More
Renren Calls an End to its ICO Project It was reported that Renren has closed its RRCoin ICO project after a talk with China’s regulatory authorities. Among the 1 billion RRCoins that were planned to issue, 40% would have beeen allocated to private equity, 25%… Read More
Launched in 2013, Sindeo opened up offices in San Francisco “to revolutionize the way people plan, shop and secure a mortgage.” Founded by CEO Nick Stamos and Ori Zohar, Sindeo quickly raised funding to fuel sector growth for their online lending platform including a $5… Read More
Bank of China and China Construction Bank to Offer Student Loans to University Students Since China Banking Regulatory Commission released regulations on P2P online lending market last month, the student loan market has stagnated. On May 17, Bank of China and China Construction Bank announced… Read More
CBRC Releases Documentation to Regulate Small Cash Loans Market This week, China Banking Regulatory Commission released a documentation “Guidelines on risk prevention and control in banking industry” to regulate the small cash loans market by perfecting the in-out mechanisms, paying more attention to the supervision… Read More
Wecash Nails Down Series C Funding with $ 80 million Big Data Company Wecash raised $ 80 million in series C funding led by China Merchants Capital, Fore Bright Capital and SIG. Two new investors – Dongfang Hongdao Asset Management and Lingfeng Capital joined the existing… Read More
Renren (NYSE: RENN), an early investor in the first Fintech unicorn SoFi, recently announced it had sold preferred shares in SoFi to investors on April 4th. The transaction was completed in conjunction with SoFi’s $500 million funding round. Renren is an early investor in SoFi which… Read More
LendingHome is a niche online lender that is focused on the mortgage market. In a relatively short period of time, LendingHome has gone from zero to well over $700 million in residential mortgages. The mortgage market is huge. FBR& Co. recently estimated that $1.9 trillion… Read More
Fundrise deserves much credit for being a trailblazer in the real estate crowdfunding sector of finance. Officially launched in 2012, the concept of Fundrise was crafted before the JOBS Act even existed. Entrepreneurs and brothers, Ben and Dan Miller, conceived a plan to allow residents… Read More
This week, co-founder of Fundrise, Ben Miller, wrote a piece for Forbes about how Chinese social media site Renren‘s COO, James Liu, offered up $27 million through the social media platform for professionals, LinkedIn. Miller shared in the article: “As any startup founder will tell you,… Read More
Renren Inc. (NYSE: RENN) (“Renren” or the “Company”), a real-name social networking internet platform in China, announced on Tuesday it has completed an additional $150 million preferred stock investment in Social Finance Inc. (“SoFi”), a San Francisco-based online lending company. Renren has been an investor… Read More
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
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
The largest social networking site in China RenRen is at it again and they are investing this time in Sindeo – a mortgage marketplace that seeks to fix the broken mortgage loan system. RenRen has been playing a growing role in funding fintech as they expand… Read More
Recently I was attending a real estate finance conference on crowdfunding and I was fortunate to hear Brandon Jenkins, the Fundrise Director of Product, speak about the future of real estate from the perspective of Fundrise. His comments were coming off the exciting announcement that… Read More
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
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