Checkout.com, the cloud-based payments service provider, announced a partnership with Xiaomi in order “to provide an end-to-end payment solution for its Hong Kong and Macau payments.” The partnership will “enable Xiaomi to greatly simplify the payment process to support its global payment strategy and development… Read More
Xiaomi and AMTD’s digital banking platform Airstar has introduced another stage of its pilot which reportedly features the SME Easy Pay Loan offering in order to provide a quicker and more accessible loan experience to SMEs. This new announcement has come after an initial pilot… Read More
Hong Hong-based digital banking platform Airstar Bank has confirmed the appointment of Xiaomi’s Chief Financial Officer Alain Lam Sai Wai as its new Chairperson of the Board of Directors (BoD). The previous Chair, Lei Jun, the Chinese billionaire businessman who established Xiaomi, has now stepped… Read More
“Financial Innovation and Development Open Courses” launched on WeiyangX.com This week, WeiyangX.com launched a new series of financial open courses. Under the guidance of Beijing Municipal Bureau of Financial Work, the “Financial Innovation and Development Open Course” is hosted by PBC School of Finance, Tsinghua… Read More
Airstar Bank Limited, a licensed virtual bank in Hong Kong, has announced the launch of a pilot trial. The pilot is being conducted under the watchful eye of the Hong Kong Monetary Authority’s Fintech Supervisory Sandbox. Airstar is a joint venture between Xiaomi Corporation (1810.HK)… Read More
Alipay and WeChat Pay Open to International Visitors Previously, international tourists visiting China cannot enjoy the convenience of local mobile payment (Alipay & WeChat Pay) services if he/she did not have a Chinese mobile number and bank account. This changed this week. On November 7th,… Read More
Beijing-headquartered mobile technology and software firm Xiaomi has been developing premium smartphones and selling them at competitive prices. Referred to as the “Apple of China,” the consumer electronics company recently penetrated India’s consumer markets. Xiaomi’s smartphone has become India’s most popular mobile device, according to… Read More
Last week, more than 500 government officials, financial sector professionals and corporate leaders from China and Southeast Asia attended the inaugural China (Chongqing)-Singapore Connectivity Initiative Financial Summit in Chongqing. According to the Monetary Authority of Singapore (MAS), the Summit presented collaboration opportunities on cross-border financial… Read More
Xiaomi Eyes Consumer Financing and B2B Lending in India Chinese smartphone giant Xiaomi plans to enter the consumer finance and business-to-business (B2B) loan market in India. Xiaomi has followed the Indian company law and established a non-bank financial institution “Xiaomi Financial Services India” to apply… Read More
Blackmoon is reporting its Xiaomi initial public offering (IPO) has been sold out. But this batch of shares are not being sold in the traditional manner as Blackmoon has tokenized the offering. This past week, Xiaomi completed an IPO on the Hong Kong Stock Exchange…. Read More
Chinese smartphone developer Xiaomi announced plans to launch a new crowdfunding platform in India called Mi Crowdfunding. India is reportedly the second country Xiaomi has introduced crowdfunding to test new products. Through the new funding portal, Xiaomi can fund and sell the products launched. Xiaomi… Read More
P2P lending platform Dianrong Secures $70 million D-round funding On January 24th, online lending platform Dianrong.com announced 70 million US dollars D-round funding. This round of investment was led by ORIX’s wholly-owned-subsidiary ORIX Asia Capital Co., Ltd.. CITIC Securities CITIC Securities subsidiary CITIC Lyon also… Read More
Tsinghua PBCSF Global Finance Forum (2017) convened in Beijing On June 3, 2017 Tsinghua PBCSF Global Finance Forum, which was hosted by Tsinghua University, and organized jointly by the Tsinghua University PBC School of Finance (PBCSF) and Tsinghua University National Institute of Financial Research (NIFR),… Read More
Xiaomi Opens Xiaomi Lending to Android Users On April 11, Xiaomi Corp., China’s leading mobile phone maker, launched the mobile application Xiaomi Lending in Android market, signaling a strong ambition to expand in the country’s booming Internet Finance sector. When Xiaomi Lending was first launched… Read More
Baidu FSG launches mobile foreign exchange service Baidu FSG recently announced the launch of mobile foreign exchange service. Users of Baidu Wallet in Canada, Italy, Japan and Philippine could use this service to exchange small foreign change into targeted currency category. It is said… Read More
Auto financing P2P platform Weidai.com received RMB 1 billion Series C Investment Founded in 2011, Weidai.com is China’s first and largest specialty P2P platform that focuses on providing secured automobile loans. It also provides used car financing services through partnerships with used car marketplaces. The company… Read More
Jimubox, a peer to peer lending platform, has formed an arrangement with China Minsheng Bank to help protect investors funds. The bank will now be used to conduct all financial transactions and will hold investors funds. RenRenDai and Minshengyidai, two other peer to peer lending… Read More
Misfit Shine is a wearable activity tracker that successfully raised funding on Indiegogo in early 2013. The company went the crowdfunding route not for the money but for the marketing exposure for the sleek device. The product closed its crowdfunding campaign with just shy of… Read More
China based peer to peer (P2P) lending site Jimubox announced today during a press conference in Beijing they had secured a substantial $37,190,000 investment in a Series B round. The funding was said to be “competitive” and was led by Xiaomi and Shunwei Capital… Read More
Last October Pressy “the Almighty Android Button” – crushed their crowdfunding goal on Kickstarter raising just under $700,000 on a $40,000 goal. The Pressy team had designed an elegant android button to facilitate manual actions on Android phones. With a simple approach and an integrated… Read More
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