Tagged: tencent

November 9, 2019 @ 2:46 pm By Omar Faridi  |  

Chinese tech giant Tencent is reportedly preparing to launch a blockchain-enabled virtual bank, after the company obtained a license from the Hong Kong Monetary Authority (HKMA). Previously, Crowdfund Insider has reported that 8 virtual bank licenses have been issued with the most recent (4) being announced… Read More

October 24, 2019 @ 8:44 am By Omar Faridi  |  

Shenzhen-based Tencent, an internet service portal that provides mobile, telecom, and online advertising services, has stated that the proposed launch of the Facebook-led Libra project could pose a threat to existing digital payment platforms. Tencent’s management noted in a recently published blockchain whitepaper that the… Read More

October 1, 2019 @ 5:04 pm By Omar Faridi  |  

UK-based SenSat, a company that converts complex visual and spatial data into a real-time simulated reality that allows computers to find solutions to real-world problems, has raised $10 million through a Series A investment round, which was led by Shenzhen-based internet giant Tencent. Sistema Venture… Read More

September 21, 2019 @ 3:25 pm By Xu Gao  |  

The People’s Bank of China Issues “China Rural Financial Services Report (2018)” On September 19th, the People’s Bank of China issued the “China Rural Financial Services Report (2018)” (hereinafter referred to as the “Report”). The report provides a detailed review of the development of China’s… Read More

September 14, 2019 @ 6:25 pm By Xu Gao  |  

The National Internet Finance Association of China Requires Members to Disclose Annualized Lending Costs This week, the National Internet Finance Association of China (NIFA) issued a notice to member institutions about annualized lending costs disclosure and industry discipline. According to the notice, some online lending… Read More

August 17, 2019 @ 12:05 pm By Xu Gao  |  

Tencent-backed WeBank Fined ¥2 million for multiple violations WeBank, China’s first internet bank, was fined for ¥2 million for multiple violations against Law of the People’s Republic of China on Commercial Banks. In an inspection last year, the Shenzhen branch of the China Banking and… Read More

July 29, 2019 @ 1:44 pm By Samantha Hurst  |  

Tencent Holdings Limited, a leading provider of Internet value-added services based in China, announced on Monday its five-year partnership expansion with NBA in China. Tencent reported it will provide extensive NBA coverage on its platforms through the 2024-25 NBA season, including live NBA games, NBA… Read More

June 8, 2019 @ 5:40 pm By JD Alois  |  

Invest Hong Kong Appoints New Head of Fintech King Leung has been appointed Head of Fintech at InvestHK which took effect in early May. Leung will lead a specialist Fintech team with the objective of attracting top innovativeFfintech companies, entrepreneurs, investors, accelerators and R&D institutions… Read More

May 25, 2019 @ 10:01 am By Xu Gao  |  

Fintech Research Institute of People’s Bank of China Starts Recruiting Blockchain Talent The Fintech Research Institute, established by the People’s Bank of China (PBOC), has posted several job vacancies about blockchain on recruitment website Lagou.com. Shenzhen Fintech Research Institute is a unit jointly established by… Read More

May 15, 2019 @ 8:27 am By Samantha Hurst  |  

Tencent Holdings Limited, a leading provider of Internet value-added services based in China, announced on Wednesday its financial results of 2019’s first quarter. According to Ma Huateng, Chairman and CEO of Tencent, Tencent sustained “healthy user engagement” across its key platforms and saw notable growth in… Read More

April 28, 2019 @ 9:02 am By Xu Gao  |  

China Requires P2P Platform Executives Not to Leave Beijing during Administrative Review On April 25th, Internet Finance Association of Chaoyang District issued an announcement about the recently launched P2P platform administrative review. According to the document, from the date of the announcement to May 31st,… Read More

March 30, 2019 @ 4:01 am By Xu Gao  |  

Parent Company of Shuidi Crowdfunding Receives nearly ¥500 million B-round Funding led by Tencent Shuidi, the parent company of Shuidi Crowdfunding and Shuidi Mutual Insurance, announced this week that it had received a nearly ¥500 million B-round financing. This investment was led by Tencent, and… Read More

March 23, 2019 @ 10:30 am By Xu Gao  |  

WeChat Shuts Down More Than 2,500 Accounts for Illegal Loan Activities On March 15th, China’s Central Television (CCTV) shined its spotlight on the illegal loans market during its annual Consumer Right’s Show. On March 18th, WeChat released an official statement about combating illegal credit services… Read More

January 30, 2019 @ 8:26 am By Samantha Hurst  |  

Hong Kong Science and Technology Parks Corporation (HKSTP) announced on Tuesday it signed a Memorandum of Understanding (MoU) with Tencent to accelerate the R&D development and deployment of Fintech in Hong Kong by using Tencent’s revolutionary and advanced technology capabilities with HKSTP’s infrastructure and vibrant innovation… Read More

January 19, 2019 @ 1:19 pm By Xu Gao  |  

Visa Will Establish Asia’s Second Innovation Center in Beijing It is always not easy for payment Giant Visa to enter the Chinese market. Yet, it still does not give up. According to Yu Xueli, president of Visa (Greater China), Visa is planning to set up… Read More

January 18, 2019 @ 4:13 pm By Cali Haan  |  

Cybersecurity firm Palo Alto Networks’ Unit 42 “global threat intelligence team” has identified a new exploit illegally mining Monero cryptocurrency on Chinese public cloud networks: “Palo Alto networks recently captured and investigated new samples of the Linux coin mining malware used by the Rocke group…. Read More

January 12, 2019 @ 9:02 pm By Xu Gao  |  

Tsinghua PBCSF Releases “2018 Global Insurtech Report by Subsector” Early this month, the China Insurance and Pension Research Center of the National Finance Research Institute of Tsinghua University released the “2018 Global Insurtech Report by Subsector“. The report provides case studies of Insurtech companies in… Read More

December 15, 2018 @ 9:41 am By Xu Gao  |  

HKEX Will Introduce Blockchain and AI to Increase Automation HKEX will announce its three-year strategic plan for 2019-2021 early next year. Charles Li, chief executive of HKEX, said that there were still many business procedures in HKEX relying on manpower. In the future, HKEX will… Read More

December 1, 2018 @ 9:00 am By Xu Gao  |  

Sesame Credit Accepted for Canadian Visa Application This week, the Canadian Immigration Department (IRCC) announced that Chinese tourists can choose to submit his/her Sesame Credit Visa report (≥750 points) as financial proof for Canadian visa application. Sesame Credit is credit-assessment service offered by Ant Financial,… Read More

November 10, 2018 @ 9:26 am By Xu Gao  |  

IFR of Tsinghua University Launches Global Fintech Venture Competition (2018) at the 5th World Internet Conference On November 8, the 2018 Global Fintech Venture Competition (hereinafter referred to as the “Competition”) was officially launched at the Fintech and Credit Society Construction Forum of the 5th… Read More