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794

China extends security reviews to gadgets from Apple and others

By James Vincent for the Verge

China has reportedly increased its scrutiny of foreign-made consumer tech products, reviewing devices — including those made by Apple — to judge whether they pose a threat to the country’s security.   (more…)

China, Global trends, Government activities

May 17, 2016

1125

Fintech Flip-Flop

By Nisha Gopalan for Bloomberg Business

Few words fill banks with more dread these days than fintech, the growing bevy of unregulated upstarts mucking about in their business patch. (more…)

Deals, Government activities, Hotnews, p2p-payments, p2p/online lending

May 6, 2016

1250

In China, Traditional Banks Fight Challenge From Internet Firms

By Saibal Dasgupta for Voa News

China’s online finance companies, including Alibaba and Tencent, are competing fiercely with China’s traditional banks, which are adapting to the new marketplace. (more…)

Banks, China, Global trends, Government activities, InspirAsia

May 5, 2016

2664

Why Fintech Is Different In Asia

By Falguni Desai for Forbes

The global fintech sector startup sector has received investments totaling $19 billion in 2015. According to CB Insights and a fintech report published by Citi, this is a tenfold increase from five years ago.  (more…)

Fintech news, Global trends, InspirAsia, news

April 30, 2016

1179

Deloitte Uses Facebook to Build Warranties on Bitcoin Blockchain

ByMichael del Castillion for Coindesk

Deloitte has used Facebook’s recently released Messenger API to build an early version of a product capable of storing warranties on a blockchain and allowing users to buy insurance for items even after they’ve been purchased. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, InspirAsia, news

April 30, 2016

1704

Alibaba advances: How China is using fintech to take control of global trade

By Ian Allison for International Business Times

The global fintech ecosystem has been presented like the board game Risk, with banks, fintech startups, traditional IT providers and GAFA companies (Google, Apple, Facebook, Amazon), distributed at each corner slowly advancing. As apt as the Risk analogy is, it tends to miss out the most important geopolitical force on the board: China.

(more…)

Fintech news, Global trends, InspirAsia, news

April 27, 2016

1027

China’s Venture-Capital Slowdown Is Less Obvious

By Scott Martin for WSJ Venture Capital

China’s wealthy are seeking places to park capital in the U.S., but that doesn’t mean there’s a shortage of cash for mainland China’s venture-backed companies. (more…)

China, Fintech news, Global trends, InspirAsia

April 27, 2016

842

China’s Tencent seeks additional loan worth $2 billion: sources

By Reuters

China’s Tencent Holdings Ltd is seeking a loan of up to $2 billion, part of a flurry of fund-raising by the country’s Internet giants, two people involved in the financing told Thomson Reuters LPC, a loan-focused news service. (more…)

China, Global trends, InspirAsia, p2p-payments

April 15, 2016

1365

How China is pioneering alternative finance and P2P lending

By Hariett Green for City AM,

The Asia-Pacific alternative finance market grew 323 per cent last year, to $102.8bn. China was responsible for 99 per cent of that, with four-fold growth to $101.7bn in 2015. (more…)

Banks, Cashless, China, Fintech news, Global trends, p2p-payments, p2p/online lending

March 18, 2016

1422

China’s P2P Property Lending Growth Six Times Faster Than Banks

By Alfred Liu for the Bloomberg Business,

Peer-to-peer lending for property in China grew more than six times faster than loans extended through banks last year as borrowers took advantage of a less-regulated financing market to take part in the nation’s real estate boom. (more…)

Banks, Cashless, China, Fintech news, InspirAsia, p2p/online lending

March 16, 2016

1770

China Tightens Restrictions on Insurance Purchases in Hong Kong

By Zheping Huang for the Quartz.com 

China has issued new restrictions on citizens buying insurance in Hong Kong, the latest move to stem capital outflow and keep the renminbi strong. (more…)

China, Fintech news, Government activities, Insurance

March 15, 2016

650

Singapore tops mobile app economy, but for how long?

By Kevin McSpadden for e27

While China, India and Indonesia rank low in today’s regional ecosystem, they are set for major jumps in the future and are projected to lead APAC in the years to come (more…)

Banks, Fintech news, Global trends, InspirAsia

March 4, 2016

1649

Why China’s fintech will change how the world thinks about banking

By Zennon Kapron for Forbes

With digitalization and FinTech high on the banking agenda, the disruption of financial services looks like a given. The question, however, is where will the real change come from. Will it be blockchain, real-time settlement, the highly competitive payment space, crowdfunding, or P2P lending? (more…)

Analytics, Fintech news, news, SME

March 2, 2016

2591

Bain report: China’s E-Commerce (Full report)

By Jason Ding, Bruno Lannes, Weiwen Han, and Tingting Yao

Rapid innovation in China is delivering the future of online retailing and brand development. Brands that speed the integration of the customer experience into their business model and view the online and offline worlds as one long continuum will be the ones that reap profitable growth. They’ll be the brands that stand out, outpacing competitors and changing the rules in the world’s largest and most dynamic e-commerce market.

To see infographic press here
(more…)

Analytics, China, Fintech news, Global trends

February 27, 2016

Bain report: China’s E-Commerce (Infographic)

By Jason Ding, Bruno Lannes, Weiwen Han, and Tingting Yao

chinas-e-commerce-the-new-branding-game-220x027Executive summary:

Every single day of every week, an estimated 150,000 new Chinese shoppers join the ranks of the hundreds of millions in the country who have discovered the world of e-commerce.

Online retail penetration in China reached 11% in 2014 and surpassed RMB 2.9 trillion in total value. Penetration is expected to double by 2020, according to our estimates, with the total value skyrocketing to RMB 10 trillion. But this dramatic adoption of online shopping is not the biggest news to emerge from Bain & Company’s latest research on China’s e-commerce market.

To read the full report with numbers & diagrams press here
(more…)

Analytics, China, Fintech news, Global trends

February 27, 2016

1348

How Mobile Payments Reshape Lifestyles

By LI YUAN for wsj.com

A family’s finances show how phones increasingly become wallets (more…)

Fintech news, Global trends

February 25, 2016

1040

5 reasons Apple Pay won’t succeed in China

By Steven Millward for TechinAsia.com

Apple Pay launched in China today, as Tech in Asia reported this morning. It’s not going to be an easy ride for Apple, since Chinese consumers are already used to online payments and in-store cashless transactions on their phones through WeChat and Alipay.

(more…)

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

February 19, 2016

China’s Biggest Ponzi Scheme Shows Rot in Internet Financing

By Bloomberg news,

Almost overnight, Ding Ning and Zhang Min struck it rich with the hot new thing in Chinese finance. In 18 short months, they transformed an old-line industrial company into an Internet phenomenon through the seeming magic of peer-to-peer lending. (more…)

China, Fintech news, InspirAsia

February 3, 2016

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China to tighten regulations for booming internet finance to curb fraud

Chinese authorities are planning to tighten regulation of its fast-growing internet finance industry and crack down on illicit transactions, state media reported on Saturday, as the country works to rein in fraud on its online lending platforms. (more…)

China, Fintech news, Government activities

January 24, 2016

635

China is planning to release its own version of Bitcoin

By C.Custer for TechinAsia.com,

China’s government likes to make its own versions of new technology. For example, it has tried repeatedly to make its own version of a search engine and compete with Baidu, although none of its efforts caught on. It has been making its own computer operating system for years, although it co-opted a lot of foreign software to pull that off. And now, it’s going to be making its own version of bitcoin. (more…)

Fintech news

January 21, 2016

Deals: Khazanah-led group invests $160 mln in HK fintech start-up WeLab

Jan 20 An investment group led by Malaysia’s state fund Khazanah Nasional has invested $160 million in Hong Kong-based financial technology start-up WeLab. (more…)

Deals, Fintech news

January 20, 2016

729

China Broadband Capital Joins Series B Round In Ping++

Ping++ (2014, Shanghai) Payment processor that offers integrated mobile payment SDKs and comprehensive payment solutions for developers, has raised $10M in Series B funding led by China Broadband Capital and Shengjing Technology, with participation from Sequoia and Linear Ventures.

(more…)

China, Deals, Fintech news

January 12, 2016

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4 BEST CASES OF O2O-ECONOMY: BURBERRY, LINE, TESLA, CHEBANCA!

By Igor Pesin, Partner at Life.SREDA

(more…)

Columns, Fintech news, news

October 19, 2015

1536

Online Financing in China

TechCrunchChina Rapid Finance, which claims to be the country’s largest online consumer lending marketplace, has closed a $35 million Series C round led by Broadline Capital. The round pegs the company’s pre-money valuation of $1 billion. China Rapid Finance is reportedly gearing up for an initial public offering in the U.S. (more…)

China, Deals, InspirAsia, p2p/online lending

July 29, 2015

1560

WeChat, Line And Viber As Newcomers In Fintech

TechInAsia: WeChat censorship report: 1.5% of posts get censored. WeChat is China’s hottest social media app. But like internet services in China, discussion on WeChat isn’t entirely free – it is censored by Tencent in accordance with Chinese law. Just how censored is WeChat, and what exactly is being hidden from view? Those questions are the subject of an exhaustive new report from the University of Toronto’s Citizen Lab on WeChat censorship. (more…)

China, Fintech news, InspirAsia, news

July 29, 2015

1394

POS-Acquiring In Asia

TechInAsia: Mumbai-based startup MSwipe fills the gap with a hassle-free POS device which can work with any mobile phone. Yes, even brick phones. Plug it into the phone’s audio jack, launch the application, and you have a card reader ready to swipe.

(more…)

China, Deals, India, InspirAsia, POS/mPOS and online acquiring

July 22, 2015

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Why Russia’s Swing Toward China Is A Mirage

Japan Times: On July 8 and 9, Russia hosted Chinese, Indian, Brazilian and South African leaders at the annual BRICS summit in the Russian republic of Bashkortostan. The conference took place at a time when Russia’s rift with the West over Ukraine has sparked some concerns that Moscow might turn its back on the West and pivot toward Asia, both economically and politically. (more…)

China, Influences FinTech, InspirAsia, news

July 10, 2015

1075

Magic Caves of Alibaba

TECHINASIA: Alibaba’s spin-off finance subsidiary, Ant Financial, today put out a major new update to its Alipay mobile wallet app. For the first time, the mobile wallet now has ecommerce merchants and shopping baked right into the app. It means that within Alipay, which is China’s top mobile wallet service with over 400 million annual active users, people can now find local services like fresh flowers or food delivery – and then pay for it all in the same app. As in Alibaba’s other marketplaces, all the things are from third-party sellers.

(more…)

China, eWallets, Fintech news, InspirAsia, news

July 8, 2015

927

Crisis in China

THE ECONOMIST: China is certainly not the first country to try to prop up a falling stockmarket. The central banks of America, Europe and Japan have all shown form in buying shares after crashes and cutting interest rates to cheer up bloodied investors. But the circumstances and the manner of China’s intervention of the past ten days make it an outlier, worryingly so.

(more…)

Analytics, China, Global trends, Hong Kong, InspirAsia

July 8, 2015

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P2P-Lending in India and China

TECHCRUNCH: Lendingkart, a New Delhi-based platform for small businesses loans, has raised a Series A of $10 million from Saama Capital, Mayfield Fund, Shailesh Mehta, and Ashvin Chadha. Since launching a year ago, Lendingkart has processed loans from 50 cities and 17 states across India. It will use its new capital to expand into all towns and cities in India, improve its credit scoring technology, and hire more employees.

(more…)

China, Deals, India, InspirAsia, p2p/online lending

July 8, 2015