Tagged: tom group

ING Lead Investor in $160M in Series B Funding for Consumer Loan Provider WeLab: Aims to Improve Consumer Experience

January 21, 2016 @ 4:20 am By Erin Hobey |

Fresh from its October 2015 investment in US marketplace lender Kabbage, Dutch bank ING has taken a stake in WeLab, a non-bank provider of consumer loans in China and Hong Kong. ING participated in a Series B $160 million (RMB1 billion) fundraising in the three-year old… Read More

Hong Kong Media Tycoon Moves into Online Finance. TOM Group Gets into P2P Lending

February 27, 2015 @ 9:25 am By JD Alois |

Media conglomerate TOM Group is moving into the online finance space. The entity, controlled by Hong Kong tycoon Li Ka-shing, is set to expand its ecommerce operation, Ule, into peer to peer lending and online banking in an “aggressive” push via a partnership with… Read More