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


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


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, Financial Markets / Trading, Fintech news

December 28, 2016


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


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


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


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.


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

December 17, 2016


$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


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


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


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.


Banks, China, Financial Markets / Trading, Fintech news

December 6, 2016


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


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

By Justin OConnell for CryptocoinsNews

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

Blockchain, China, Fintech news, p2p/online lending

December 4, 2016


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


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


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


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


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


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


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


China’s Online Insurer ZhongAn Launches Blockchain and AI Incubator

By Rebecca Campbell for CryptocoinsNews

As China continues applying the pressure of becoming the number one FinTech country, ZhongAn, an online property and casualty insurance company has announced the creation of an incubator designed to focus on blockchain and artificial intelligence (AI), further boosting the country’s intentions of becoming number one. (more…)

Blockchain, China, Fintech news, Government activities, Insurance

November 12, 2016


A Major Korean Bank Will Soon Launch a Bitcoin Remittance Service

By Samburaj Das for CryptocoinsNews

Shinhan Bank, one of the largest financial institutions in South Korea will begin a remittance service – backed by bitcoin – between Korea and China, starting next month. (more…)

Blockchain, China, Cryptocurrencies, Fintech news, Korea, Remittances

November 11, 2016


This is why is China so interested in investing in India despite a frosty relationship

By Sanjay Bansal for e27

India has always shared a love-hate and mostly frosty relationship with its north-eastern neighbour China. There has been a fair share of bilateral turbulences over the past seven decades over territorial disputes, political support for Pakistan, the influx of cheap Chinese goods in the Indian consumer market, and most recently, the blockade of Brahmaputra river tributary and opposing India’s NSG bid.

However, these issues haven’t deterred the trade relations between the land of elephants and the land of dragons. In fact, it has only blossomed over the last decade. (more…)

About, China, India

November 10, 2016


Alibaba Group: Asia’s ‘Grey Cardinal’ Casts Shadow Over International Financial Services Markets

By Elena Mesropyan for LTP

Ever since technology companies started acting on their interest in the financial services industry, it became clear that one does not really need to turn to a conventional bank to receive financial services. Previously silent witnesses of the action are now an aggressive competition to traditional players. But while the Western world was (and is) busy watching FinTech and GAFA in that regard, the real Grey Cardinal has emerged in Asia and has spread wings to another side of the world this year. (more…)

About, China, InspirAsia

November 9, 2016


China Foreign Exchange Trade System joins R3

By Finextra

Financial innovation firm R3 has announced the addition of China Foreign Exchange Trade System (CFETS), China’s official interbank market trading platform, to its consortium to design and apply distributed and shared ledger-inspired technologies to global financial markets. (more…)

Banks, Blockchain, China, Financial Markets / Trading, Fintech news

November 5, 2016


Russia wants to make new payments system compatible with China

By Finextra

Russia’s prime minister, Dmitry Medvedev, says he wants to make the country’s new payments system compatible with China’s UnionPay as a way to guard against Western sanctions. (more…)

Cashless, China, Government activities

November 5, 2016

China’s Airbnb Copycat Raises $65M in New Funding

By FinSMEs

Beijing, China-based Airbnb equivalent has secured U.S.$65m Series C+ and Series D funding. (more…)

China, Deals, Fintech news

November 4, 2016


“Black Mirror” of big data in China: “yellow patches” for a new socialist utopia

By Slava Solodkiy, Managing partner of Life.SREDA,

Last week NETFLIX released six new episodes of the hit show Black Mirror. “Nosedive” is the first episode of the third series of Black Mirror.


China, Global trends, InspirAsia, p2p/online lending

November 2, 2016