Tagged: tencent

China: WeiyangX Fintech Review

Alibaba’s DingTalk Builds International Medical Expert Communication Platform to Help Combat the Outbreak of COVID-19 On March 19th, Alibaba’s DingTalk launched the International Medical Expert Communication Platform. It provides a means of free communication, hosted on Alibaba Cloud, for medical workers all around the world… Read More

Global Luxury Fashion Tech Platform Farfetch Scores $250 Million Through Private Placement From Tencent & Dragoneer

Farfetch Limited (NYSE: FTCH), a global technology platform for the luxury fashion industry, today announced that it has agreed to issue and sell, through a private placement, convertible senior notes in an aggregate principal amount of $250 million. Tencent, a global technology platform based in… Read More

France-based Digital Bank Qonto Secures $115 Million via Series C Round Led by Tencent, DST Global

France-based digital bank Qonto has secured $115 million through a Series C investment round led by Tencent and DST Global, in order to help it further penetrate key markets, implement new features to tailor its products and services to specific market segments, and hire new… Read More

China: WeiyangX Fintech Review

Tencent LiCaiTong Releases “Online Wealth Management Behavior and Security Report (2019)“ On January 14th, LiCaiTong, Tencent’s wealth management platform, and National Institution for Finance & Development (NIFD) jointly released the “Online Wealth Management Behavior and Security Report (2019)”. The report published the 2019 online wealth… Read More

France-based Mobile Payments Firm Lydia Secures $44.6 Million in Funding from Tencent, Open CNP, XAnge, New Alpha

Lydia, a France-based mobile payments firm, has acquired €40 million (appr. $44.6 million) in funding via a Series B investment round led by Chinese internet giant Tencent. Open CNP, XAnge and New Alpha also took part in the round. Established in 2013, the Lydia peer-to-peer… Read More

Chinese Internet Giant Tencent Is Reportedly Planning to Launch a Digital Currency Research Group

Tencent, which operates the popular Chinese social media app WeChat, is reportedly planning to establish a digital currency research division in order to support the ongoing development and advancement of blockchain or distributed ledger technology (DLT) initiatives. Chinese media outlet iFeng revealed on December 23… Read More

Argentina-based Mobile Payments Fintech Ualá Raises $150 Million via Series C Investment Round

Argentina-based mobile payments firm Ualá has been valued at almost $1 billion in its most recent investment round, which was led by Chinese tech giant Tencent, according to sources familiar with the details of the transaction. Tencent led Ualá’s $150 million Series C investment round…. Read More

Chinese Tech Giant Tencent to Launch a Blockchain-based Virtual Bank in Hong Kong

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

Chinese Internet Giant Tencent Says Facebook’s Libra Stablecoin Might Pose A Threat to Other Digital Payments Platforms

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

Chinese Internet Giant Tencent Leads $10 Million Investment Round in AI and Machine Learning Firm SenSat

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

China: WeiyangX Fintech Review

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

China: WeiyangX Fintech Review

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

China: WeiyangX Fintech Review

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

Tencent Announces Five-Year Partnership Expansion With NBA in China

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

Hong Kong Fintech Update

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

China: WeiyangX Fintech Review

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

Tencent Announces 2019 First Quarter Financial Results

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

China: WeiyangX Fintech Review

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

China: WeiyangX Fintech Review

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

China: WeiyangX Fintech Review

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

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