MENU

China
Category

Alibaba Says Its Latest Acquisition Is Part of a ‘Big Entertainment Strategy’

By Reuters,

China’s Alibaba Group Holding has fully acquired online ticketing platform Damai.cn, the e-commerce giant said on Tuesday, marking a further push into entertainment by the firm as it expands beyond its core online retail business. (more…)

China, Deals, Hotnews

March 21, 2017

225

170

Globe, Alipay, and the Chinese Tourist Trap

By  for Fintech Hong Kong

One weeks ago, Globe Telecommunications announced a new capital infusion from Jack Ma’s Ant Financial and Ayala Corporation into its Globe Fintech Innovations subsidiary (officially, Mynt). (more…)

China, Fintech news, Mobile payments/banking

February 24, 2017

photo-14-04-2015-12-07-08

191

Alibaba’s Ant Financial expands to Korea with $200M investment in Kakao Pay

By  for TechCrunch

Alibaba affiliate Ant Financial is making yet another M&A deal. The firm is investing $200 million into a fintech project belonging to Kakao, the $5 billion firm that runs Korea’s dominant messaging service. (more…)

China, Deals, Fintech news, Mobile payments/banking, p2p-payments

February 21, 2017

jd-finance1

144

Tread Carefully, JD Finance

By  for Bloomberg

A week after lauding JD.com Inc.’s finance affiliate for moving into new and growing businesses (auto insurance), I should probably pause to add a caveat: tread carefully. (more…)

About, China, Credit scoring, Crowdfunding/investing, Fintech news, Government activities, p2p/online lending

February 21, 2017

206

110

Alibaba’s Ant Financial extends global reach with first investment in the Philippines

By TechCrunch

Alibaba affiliate Ant Financial has again extended its global reach after it completed its maiden investment in the Philippines. (more…)

China, Deals, eWallets, Fintech news, Philippines

February 20, 2017

201

241

China activity drove US$5.4 billion in Asia fintech funding in 2016

By e27

Asia’s fintech funding was level with US$5.5 million raised in the US fintech industry

Fintech startups in Asia raised a record US$5.4 billion from 165 deals in 2016, driven largely by large investments in China, according to a new report from CB Insights. A whopping US$4.6 billion of total funding came from just 46 deals in China. (more…)

China, Deals, Marketing Report

February 20, 2017

725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy82NDJkYmU2YzU4YmNiOThjOTlkYzdlODRkZmRlZWQzMC5wbmc=

139

We Shouldn’t “Kill” Bitcoin But Regulate: Former Bank of China Governor to CCTV

By Joseph Young for CoinTelegraph

During an interview with China Central Television (CCTV), a predominant state television broadcaster, L H Li, the former governor of Bank of China, one of the largest banks owned by the Chinese government, and member of the People’s Congress, stated that the Chinese central bank should try to regulate Bitcoin companies and users rather than attempting to stop the adoption of Bitcoin.

(more…)

About, China, Cryptocurrencies, Fintech news, Government activities

February 16, 2017

132

202

Japan’s 3 Megabanks Have All Invested in Japan’s Biggest Bitcoin Exchange

By CryptoCoins News

Less than a year after raising ¥3 billion ($27 million) in a record funding round by a bitcoin and Fintech company in Japan, Tokyo-based bitFlyer now sees all three of Japan’s ‘mega-banks’ as investors in the bitcoin exchange. (more…)

Banks, China, Deals, Fintech news

February 14, 2017

163

169

Ant Financial is raising US$3B in debt to fund M&A deals: Bloomberg

First By Yon Heong Tung appeared at e27

The news comes right on the heels of its first acquisition in a US-listed company, Moneygram (more…)

China, Deals, Fintech news, Payment processors/providers/gateways

February 9, 2017

China-Fintech-IPO-1440x564_c

261

The Most Anticipated Chinese Fintech IPOs of 2017

By

Greater China’s IPO market is set to continue to lead the way in 2017 fueled by listings of fintech giants including Ant Financial and Lufax, according to a report by CNBC. (more…)

About, China, Deals, Fintech news

February 8, 2017

mobile_payments_china

430

How Chinese mobile payments are quietly conquering the world

By  for TechNode

While mobile payments have been off to a slow start in most of the Western world—even the rollout of EMV chip payments in the United States is far behind schedule—China has become the melting pot for mobile payment solutions. (more…)

China, Fintech news, Global trends, Mobile payments/banking

February 6, 2017

hong-kong-1791067_960_720

258

Company Slammed by Short Seller Over Deals Says More Coming

China, Deals, Fintech news, p2p/online lending

February 6, 2017

LatiPay-FINAL

284

Fintech startup LatiPay raises US$3M from Jubilee Capital, others to expand to Singapore, US

By Sainul Abudheen K for e27

LatiPay allows Chinese consumers to pay for goods and services using Yuan whilst merchants receive full payment for goods or services direct to their local bank account in their local currency (more…)

China, Deals, Fintech news, InspirAsia, Payment processors/providers/gateways

February 1, 2017

132

202

Bitcoin Core Dev’s Blocksize Reduction Proposal Draws Ire from ViaBTC Founder

By CryptoCoins News

Haipo Yang, ViaBTC’s founder and former employee at the Chinese internet giant Tencent, expressed strong criticism in a brief interview with CCN towards Luke-Jr, a Bitcoin Core developer and Blockstream contractor, regarding his proposal to reduce the blocksize to 300kb or, alternatively, for the network to wait another 7 years before an increase of the current 1MB transaction capacity. Yang says: (more…)

Analytics, Blockchain, China, Fintech news, Global trends, People of fintech

January 31, 2017

130

466

Chinese Banks Want to Use Blockchain to Combat Fraud

By Fortune

Chinese banks are hiring blockchain experts as the government pushes use of the technology behind bitcoin to increase transparency and combat fraud in its financial sector. (more…)

Banks, Blockchain, China, Fintech news, Government activities

January 29, 2017

Beijing-night-traffic

180

Credit China FinTech Inks $30 Million Deal with Bitcoin Firm BitFury

By Samburaj Das for CryptoCoinsNews

Credit China Fintech Holdings Ltd., a Hong Kong-based industry investment firm has entered a $30 million agreement with bitcoin- and blockchain-industry giant BitFury. The deal will see an investment in Bitfury shares and a new joint-venture effort focusing on the Chinese market. (more…)

Blockchain, China, Cryptocurrencies, Deals, Fintech news

January 26, 2017

Ant-Financial

386

Jack Ma’s Ant Financial Buys MoneyGram for $880 Million

By Bloomberg News

Ant Financial, the Alibaba affiliate controlled by billionaire Jack Ma, stepped up its international expansion by buying U.S. money-transfer service MoneyGram International Inc. (more…)

China, Deals, Fintech news, Remittances

January 26, 2017

genesis-payment-solutions-payment-terminal

188

Bitcoin-and-Forex-exchange-trading

156

Trading Plunges at China’s Bitcoin Exchanges After Fees Levied

By Bloomberg News

High-speed traders are pulling out of China’s bitcoin market after the three biggest venues started charging transaction fees on Tuesday. (more…)

China, Cryptocurrencies, Fintech news

January 25, 2017

indonesia_sme_loans

295

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

beijing

275

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

39967676_m-1

209

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

WeChat-Pay-mobile-payments-cashless-payments-photo-1

375

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

china-bitcoin

179

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

b083fe955b6c188cd7e609

269

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

64

333

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

59

182

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

54

191

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

52

652

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