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Chinese fintech startup Wecash makes foray into Indonesia through joint venture

By Kevin McSpadden for e27

The goal is to be a go-to place for SME loans as Indonesia’s middle class continues to boom. (more…)

China, Credit scoring, Fintech news, Indonesia, p2p/online lending, Security

January 23, 2017

China’s fintech is leaving the rest of the world behind

By  for TechNode

China is emerging as a leading fintech market on a global scale. Half of the global investment in financial technology is happening in Asia, especially China, according to the World Economic Forum. (more…)

Analytics, China, Fintech news, Global trends, Marketing Report

January 23, 2017

Deeper into China: CoAssets invests US$145K in a Chinese product crowdfunding platform

By Anisa Menur A. Maulani for e27

Australian Stock Exchange (ASX)-listed startup CoAssets today announced that it has made a RMB1 million (US$145,000) strategic investment in Fujian-based crowdfunding startup Da Xian Bing, for 10 per cent of the company, with 60 per cent to be recouped from CoAssets’ joint venture partner Fujian Yaosheng. (more…)

China, Crowdfunding/investing, Deals, Fintech news, SME

January 23, 2017

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China’s fintech industry shows where the rest of the world is heading

By  for TechInAsia

“We need banking but we don’t need banks anymore,” said Bill Gates two decades ago, predicting the explosion in startups creating web and app-based financial services that we’re seeing right now. With nearly US$11 billion last year invested into so-called fintech startups across Asia, the sector is rivaling online shopping and ride-hailing among the hottest tech arenas. (more…)

About, China, Credit scoring, Fintech news, Insurance, Marketing Report, Mobile payments/banking, Mobile-first banks, p2p/online lending

January 21, 2017

Qtum wants to unify Bitcoin and Ethereum blockchain applications

By  for TechNode

Qtum a Shanghai-based blockchain company, announced on Wednesday a more than 1 million USD angel round from top blockchain evangelists, academics, venture capitalists, and technology enthusiasts on Wednesday. The company claims they have the world’s first digital currency that can execute smart contracts with a proof-of-stake consensus mechanism, and are now working on a project called Qhola to circulate its currency on top of WeChat mini program. (more…)

Blockchain, China, Cryptocurrencies, Deals, Fintech news

January 14, 2017

Report: Chinese Authorities Considering Bitcoin Regulation; Price Falls

By Samburaj Das for CryptocoinsNews

Bitcoin price struck a low of $845 (at the time of publishing) from a high of $918.4 on the Bitstamp Price Index for the day as China’s financial regulators are reportedly seeking opinions on how to regulate the trading of bitcoin. (more…)

China, Cryptocurrencies, Fintech news, Government activities

January 12, 2017

Retail Bank Partners IBM for First Case of Blockchain Deployment in China

By Samburaj Das for CryptocoinsNews

The Postal Savings Bank of China (PSBC) has announced the launch of its blockchain-based asset custody system, in partnership with IBM, today. IBM claims this to be the first case of blockchain technology to asset custody in China. (more…)

Banks, Blockchain, China, Fintech news

January 11, 2017

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FinTech Story: Hits and Misses From 2013 to 2016 and the Way Forward

By Amit for LTP

We have watched 35+ FinTech segments through the ups and downs every single day in the last 3.5 years at LTP. We developed a lot of listening tools and an army of analysts to catch everything in FinTech like a radar. Somebody told us that we have one of the biggest team of FinTech market analysts and that could very well be true. In 2016, we developed MEDICI from the data that we collect, and that contains 6000+ FinTech startup profiles and research across segments. It’s my pleasure to share what we learned about FinTech shift by analyzing some of the data and also talking to hundreds of entrepreneurs and FIs in-person in the last couple of years.  (more…)

China, Cryptocurrencies, India, Mobile payments/banking, RegTech, Security

January 10, 2017

China Launches a $1.5 Bln FinTech Fund and Adopts to Consumers Going Cashless

By Joseph Young for CoinTelegraph

Chinese consumers are rapidly moving towards non-bank and cashless alternatives, such as Alibaba’s $60 bln financial application Alipay. To cope with the rapid growth rate of its FinTech industry, Chinese state-owned companies launched a $1.5 bln fund to support emerging FinTech startups and technologies. (more…)

Cashless, China, Deals, Fintech news

January 9, 2017

China Cracking Down On P2P Lending

The first nationwide crackdown on P2P lending in China is underway — and expected to eliminate many of the 2,400 or so leading platforms in the nation. (more…)

China, Fintech news, Government activities, p2p/online lending

January 9, 2017

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Xiaomi-Backed Online Bank Opening In China Soon

A Xiaomi Inc.-backed Chinese online bank is gearing up to launch soon following on the heels of establishing the bank. (more…)

China, Fintech news, Mobile payments/banking, Mobile-first banks

December 28, 2016

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China: Citic Goldstone, Huagai Capital back $29m Series B in Tiger Brokers

By Tomas S. Noda III for Deal Street Asia

Tiger Brokers Co, a Beijing-based online brokerage company, has raised up to $29 million (RMB 200 million) in a Series B funding round participated in by Citic GoldStone Fund Management Co Ltd, and Huagai Capital. (more…)

About, China, Deals, Fintech news, TradingTech

December 28, 2016

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Here’s how hot fintech got in Asia in 2016

By  for TechInAsia

2016 was the year fintech became legit in Asia. Startups and entrepreneurs have fought in the financial technology trenches long before 2016. But this was the year everyone from big banks to governments started paying attention. (more…)

China, Deals, Fintech news, Global trends, InspirAsia, Marketing Report, Singapore

December 27, 2016

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Alibaba, Baidu and Tencent and Their New Online Banks

By Deng Yuanyuan for CKGSB Knowledge

A new breed of online banks promoted by tech companies like Alibaba and Tencent is taking root. Will they be able to hold their own against traditional banks?  (more…)

China, Fintech news, Government activities, Mobile-first banks

December 26, 2016

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6 fintech startups from Asia that excited us in 2016

By  for TechInAsia

Fintech is going strong in Asia as the year draws to a close. According to the Pulse of Fintech Q3 2016 report by global audit and advisory firm KPMG, venture capital funding in Asian financial technology companies increased, reaching US$1.2 billion – outpacing even the US, where VC investment totaled US$0.9 billion. (more…)

About, AI / Machine Learning / Big Data, China, eWallets, Fintech news, India, Japan, p2p/online lending, Payment processors/providers/gateways, Philippines, POS/mPOS and online acquiring, Remittances, Singapore

December 17, 2016

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When sexting meets social payments

By Bailey Reutzel for PaymentsSource

Payments are inevitably merging with social media, but the mix comes with a clear and very public risk if not handled correctly.

(more…)

Analytics, China, eWallets, Fintech news, Global trends, Mobile payments/banking, p2p-payments

December 17, 2016

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$20 Million Bitcoin Fund Launched by Chinese Investor Huiyin Group

By Samburaj Das for CryptocoinsNews

Bitcoin startups are due to see a windfall in investment after multibillion-dollar Chinese investment firm Huiyin Group announced the launch of its bitcoin- and blockchain-specific subsidiary fund, Huiyin Blockchain Ventures(HBV). (more…)

Blockchain, China, Cryptocurrencies, Deals, Fintech news

December 13, 2016

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10 FinTech Predictions for Asia in 2017

By Henri Arslanian for LTP

In 2016, FinTech went mainstream. So what can we expect for 2017?

Here are some predictions for FinTech in Asia for 2017: (more…)

AI / Machine Learning / Big Data, Bots, China, Deals, Fintech news, Global trends, India, InspirAsia, RegTech

December 13, 2016

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Here’s how fintech will impact emerging markets in 2017

By  for VentureBeat

Mobile payments, digital wallets, and other forms of financial technology (fintech) have seen widespread adoption in the West, but fintech has a whole new meaning for the developing world. (more…)

Analytics, China, Fintech news, Global trends, India, RegTech

December 13, 2016

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Can a Unified Identity Become the Most Valuable and Dangerous Asset Ever Created?

By Elena Mesropyan for LTP

A fragmented individual

One’s identity is a centerpiece of every aspect of his/her life – financial and social standing, health, family welfare, employment, education, etc. Therefore, the recognition and authentication of an individual’s identity, together with associated rights, is becoming a priority for governments around the world. (more…)

Analytics, China, Global trends, Government activities, Security

December 9, 2016

Saxo Bank Open API to wire up China’s Phoenix Finance

By finextra

Saxo Bank, the multi-asset investment and trading specialist, and Phoenix Finance, a financial technology firm, signed a MOU to form a white label partnership. The integration process will start in Q1 2017.

(more…)

Banks, China, Fintech news, TradingTech

December 6, 2016

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Infographic: Why China is the world’s best fintech market

By Kevin McSpadden for e27

Eight of the 27 fintech unicorns are Chinese, so what has led Asia’s largest country become the leader in the fintech space? (more…)

Analytics, China, Fintech news

December 6, 2016

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China’s Peer to Peer Lending Meets Blockchain as Dianrong Joins Hyperledger Project

By Justin OConnell for CryptocoinsNews

Chinese peer to peer platform Dianrong.com announced it will join Hyperledger Project, one of the world’s largest blockchain initiatives. According to the company’s press release, “Dianrong.com is the first Chinese P2P company to succesfully join the project.” (more…)

Blockchain, China, Fintech news, p2p/online lending

December 4, 2016

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FinTech in China: A 53-Point Summary

By Gaurav Sharma for LTP

If there is a FinTech version of Silicon Valley, it is China, Period. Today, there is no equivalent of China in the FinTech world. Having spent the past several months in China, here are some observations/insights from the FinTech scene in China: (more…)

Analytics, China, Fintech news, Hotnews

November 29, 2016

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China Leapfrogs the World in Fostering Innovation

By Elena Mesropyan for LTP

With a population of over 1.35 billion, China recently became the second largest economy and is increasingly playing an important and influential role in the global economy. Not only China is a massive economic force, but also one of the leading countries in terms of disruptive technology and innovative businesses. One of the vehicles that allowed China to go far and beyond in the development of disruptive technology is the rate of mobile adoption – around 675 million people in China use smartphones with 40% of smartphone users making mobile payments. (more…)

China, Fintech news, Global trends, Government activities

November 29, 2016

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Alibaba’s Ma proposes collaboration in fintech sector

By Daniel Ren for 

Jack Ma, chairman of Alibaba Group, offered an olive branch to other financial technology (fintech) organisations on Saturday as he advocated a concerted effort to tap the huge potential of China’s digital banking sector. (more…)

About, Banks, China, Fintech news, Hong Kong, SME

November 28, 2016

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Tencent, partners ready 1.5b yuan online Chinese insurer HeTai

By The Business Times

Chinese internet services giant Tencent Holdings Ltd and a group of seven investors have moved closer to launching a 1.5 billion yuan (S$310.1 million) online life insurer in China, putting up funds and signing an agreement to form the venture. (more…)

China, Deals, Fintech news, Insurance

November 23, 2016

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A U.S. Trade War With China Might Affect Bitcoin Miners

By Justin OConnell for CryptocoinsNews

President-elect Donald Trump often decried how China sucked jobs out of the U.S. and he offered up the solution of prosecuting trade cases against China for its “unfair subsidy behavior” and currency manipulation. He suggested tariffs as high as 45 percent on its exports. (more…)

China, Cryptocurrencies, Global trends, Government activities

November 19, 2016

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China is Hiring Blockchain Experts to Develop its Own Digital Currency

By Samburaj Das for CryptocoinsNews

he People’s Bank of China, China’s central bank, is in the process of recruiting blockchain experts as it ramps up its longstanding effort to develop and issue its own digital currency. (more…)

China, Cryptocurrencies, Fintech news, Government activities

November 17, 2016

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China’s Alipay just saw a record 1 billion transactions in a day

By  for TechInAsia

China’s biggest shopping day last Friday saw not only an all-time high in spending on Alibaba’s online marketplaces but also a record amount transacted by users of its mobile wallet app, Alipay. (more…)

China, eWallets, Fintech news, Mobile payments/banking

November 14, 2016