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1671

Chinese Companies Delisting from U.S. Indices? Maybe Not

TechCrunch: It was the big story not so long ago. As of mid-June, 14 U.S.-traded China-based companies had received buyout offers valued at a collective $22.4 billion, according to Dealogic. The highest profile of the bunch was Internet services provider Qihoo 360, which, several weeks ago, announced it had received a buyout offer led by its chairman and CEO — one that would make it the “largest take-private deal of a U.S.-listed company,” said the WSJ. (more…)

China, InspirAsia

July 6, 2015

1559

Some Chinese Are Taking 22% Margin Loans to Finance Stock Purchases

Bloomberg: As more Chinese jumped into the market in the hope of instant wealth, peer-to-peer websites offering loans for stock investing have mushroomed. They are among a multitude of sources of leverage outside of traditional margin financing that threaten to complicate any efforts to prevent an unruly reversal of China’s stock market boom, which is already faltering. (more…)

China, InspirAsia, p2p/online lending

July 1, 2015

1806

How Widely-Accepted Are Mobile Payment Methods In China’s Brick-And-Mortar Shops?

TechInAsia: Mobile payment methods like Alibaba’s Alipay and Tencent’s Tenpay account for a huge portion of China’s online transactions. But do these new payment methods have the same kind of traction on offline shops and restaurants? Chinese tech news site Techweb recently conducted a survey of 1,607 businesses on a busy pedestrian street in Wuhan to find out. (more…)

China, InspirAsia, Mobile payments/banking

June 30, 2015

2225

Baidu To Invest $3.2 Billion In Its Group-Buying Service Nuomi

TechCrunch: China’s Baidu, the company best known for its dominant search engine, said today that it will invest more than $3 billion in its online-to-offline businesses over the next three years. (more…)

China, Deals, InspirAsia

June 30, 2015

1852

Airbnb Raises $1.5 Billion in One of Largest Private Placements

The WSJHome-rental service Airbnb Inc. has completed one of the biggest private-funding rounds ever, raising $1.5 billion, in a deal that values the company at $25.5 billion, according to people familiar with the matter. (more…)

Influences FinTech

June 29, 2015

2489

China Pouring Money Into America’s Hottest Startups

TechCrunchJD.com has become the latest internet company in China to venture into the consumer credit space, after the NASDAQ-listed online retailer — a rival to Alibaba — launched a joint venture alongside LA-based financial services company ZestFinance. (more…)

China, InspirAsia

June 26, 2015

14316

Forbes China “Fintech 50” List Highlights Winners In Fast-Growing Field

Forbes: Looking to learn more about early winners in the exploding business of online finance in China? (more…)

China, InspirAsia

June 25, 2015

1725

E-Commerce Gold Rush In Southeast Asia

TECHCRUNCH: There’s a myopia blinding e-commerce players to the reality of opportunities in Southeast Asia. Everyone is looking at Asian economies from under the shadow China casts on the economic landscape, which can’t help but obscure the picture. (more…)

China, InspirAsia

June 22, 2015

2329

Alibaba confirms government investment for its Alipay and online banking business

Techinasia: Alibaba revealed this afternoon that its finance subsidiary, Ant Financial – which runs Alipay, China’s top online payments service – has received an investment from China’s state-run National Social Security Fund (NSSF). The funding amount is not disclosed.

(more…)

China, Fintech news, Hong Kong, InspirAsia, news

June 19, 2015

2045

India: Paytm Is Bringing In Sellers from AliExpress, AdStringO And FundsIndia Announce New Rounds

International Business Times: Paytm, which has recently forayed into online retailing business, is planning to bring in 1,00,000 sellers from Chinese e-tailer Alibaba’s online arm AliExpress to its platform from August. The Delhi-based company estimates its gross merchandise value (GMV) to increase by $1.5 billion from AliExpress businesses in the next six months. Paytm, originally a mobile payment services, has crossed $1.5 billion (about ₹9,600 crore) in GMV in the year ending April 2015. (more…)

India, InspirAsia

June 18, 2015

2308

Alibaba-Affiliated Online Bank Get Green Light From China Regulator

REUTERS: China‘s banking regulator has given a green light to MYbank, the online bank affiliated with Chinese e-commerce giant Alibaba Group Holding Ltd, to start operating. The bank, owned in part by Alibaba-linked Ant Financial, is expected to launch in June as China’s internet companies increasingly encroach upon the turf of traditional banks. (more…)

China, InspirAsia

May 27, 2015

1847

Shanghai Stock Exchange Planning Startup Market

The Wall Street JournalThe Shanghai Stock Exchange is on track to inaugurate a new market for small, innovative companies as soon as this year, which will challenge the wildly successful Nasdaq -style startup board in Shenzhen, people familiar with the matter said. (more…)

China, InspirAsia

May 19, 2015

1521

Alibaba Needs To “Globalize,” Says Its New CEO

TECHCRUNCH: The bulk of Alibaba’s revenue still comes from China, but the e-commerce giant will focus aggressively on growing its global business this year. Daniel Zhang, who took over as chief executive officer last week, told employees in in a recent speech that not only will Alibaba pour money into its global businesses, but also transform its company culture. (more…)

China, InspirAsia

May 13, 2015

1682

Searching for the Next Jack Ma

Bloomberg: Fan Bao and his ‘Alpha Team’ of investment bankers are scouring China’s startup scene to uncover a new wave of technology giants. (more…)

China, InspirAsia

May 12, 2015

1394

Chinese company Tiens Group treats 6,400 workers to four-day Paris holiday

The Guardian: A huge Chinese company, Tiens Group, is treating more than half of its 12,000 employees to a four-day holiday in France and has booked up 140 hotels in the capital Paris as part of the package, a French foreign ministry spokeswoman said on Thursday. (more…)

China, InspirAsia

May 8, 2015

1553

Chinese P2P Web Lending Breaks New Record In April

TECHINASIA: Online finance and lending platforms have been exploding in China, and the P2P lending sector is especially hot. In April we saw Xiaomi-backed Chinese P2P lending site Jimubox and Sequoia-backed P2P lending site PPDai raise massive series C rounds, and now that the month is over we’ve got data on the market as a whole. And that data, which comes from Yingcan Zixun, says that P2P web lending had its best month ever. (more…)

China, InspirAsia, p2p/online lending

May 6, 2015

1515

New Horizons. Beijing

MONOCLE: With a “strategic co-operation partnership” in place, China has stood by Sri Lanka when its human-rights record has come under question. And when the former president needed help constructing the port and airport he built in his hometown of Hambantota, it was China he turned to. Beijing sees Sri Lanka as crucial to the development of its Maritime Silk Road, with the island’s south coast lying a few miles from the shipping lanes that could connect China with India and oil-producer Iran. Air China’s new Chengdu-Colombo service, which runs four times a week, was no doubt developed to capitalise on the close relationship between the two nations. And having had a consulate in Chengdu since 2009, Sri Lanka is already committed to the Sichuan capital. (more…)

China, InspirAsia

April 30, 2015

1741

P2P Lending Scams Jumped 11-Fold In China Last Year, On Track For Even More In 2015

TECHINASIA: Peer-to-peer lending is one of the hottest – if not the hottest – business model in China’s venture capital scene right now. P2P lending startups are getting funded left and right, with new names entering the game each week. The pace of these companies flooding the market has risen so dramatically that we’ve largely given up on covering all of them. (more…)

China, InspirAsia, p2p/online lending

April 29, 2015

Cheaper Robots, Fewer Workers

The New York Times:  Faced with an acute and worsening shortage of blue-collar workers, China is rushing to develop and deploy a wide variety of robots for use in thousands of factories. (more…)

China, InspirAsia

April 24, 2015

Why WeChat City Services Is A Game-Changing Move For Smartphone Adoption

TECHCRUNCH: Last month, WeChat launched City Services in select towns across China. If you’re already a user of WeChat, simply change your location to one of the three pilot cities and the language to Chinese and you’ll be presented with a wide array of additional services that may be accessed from right within the app. (more…)

China, InspirAsia

April 24, 2015

Baidu invests $11M in restaurant management platform to bring more local businesses under its wing

TECHINASIA: Restaurant management software-as-a-service startup Keru Cloud today announced it has secured RMB 66 million (US$10.7 million) in series B funding led by Baidu and Tianxing Capital (hat-tip to 36kr). Fangjinglin Investment and Kaixing Capital also participated in the round. (more…)

China, Deals, InspirAsia

April 24, 2015

Alibaba Buys Movie Ticketing Software Company For $134M

TECHINASIA: Alibaba is continuing its foray into entertainment with a US$134 million purchase of Yueke Software engineering, a company that makes software for ticket booking and theater management. (more…)

China, Deals, InspirAsia

April 22, 2015

Alibaba Wants Its Merchants To Ditch PCs, Just Use Smartphones

TECHINASIA: Alibaba wants its merchants to ditch their PCs. The ecommerce titan has rolled out new tools into its Taobao mobile app (pictured above) that allow the marketplace’s 8.4 million annual active merchants to run their stores solely from their phones. (Update: Swapped in the latest stat for Taobao sellers; the original article stated 7 million.) (more…)

China, InspirAsia

April 21, 2015

Xiaomi’s Smart Strategy to Design Phones for Everyone

WIREDHugo Barra had  a pretty good job—I mean, assuming you consider building the most popular mobile platform in the world to be a pretty good job. As global product lead at Google Mobile and then at Android, Barra served near the top of a division that essentially built an industry-defining business from scratch. A prominent spokesperson, he came to be personally identified with Android’s global domination. So when he left Google in September 2013 for Xiaomi, a scrappy Chinese phone manufacturer that was best known for its CEO’s slavishly Steve Jobs–aping  keynotes, the popular reaction fell somewhere between bemused and befuddled. Some wondered if a widely reported love triangle involving Barra’s girlfriend and Sergey Brin was to blame. The phrase “little known outside of China” seemed to come up a lot. (more…)

China, InspirAsia

April 21, 2015

Teaching China’s Shoppers How to Spend

WIREDIt’s the perfect  Internet strategy: Position yourself at the mouth of a datastream, then get people to feed into it. Take Google: Because it grows anytime someone surfs the Internet, the company invests huge amounts of time and money making it easier for people to log on—going so far as laying miles of fiber-optic cable in Kansas City and delivering Wi-Fi via  high-altitude balloon in Australia. Or Amazon: Because it’s become many shoppers’ default service for online purchases, the company has flooded the market with cheap devices—from Kindles to voice-controlled speakers—to capture every stray consumerist desire. Alibaba, for its part, had the largest IPO in history because the hugely popular retailer benefits almost anytime someone in China spends money online. So now it’s trying to pump even more money into China’s online economy, by introducing the country’s consumers to the tools of modern finance. (more…)

China, InspirAsia

April 21, 2015

Temasek Largest Foreign Investor In Chinese Banks

DEALSTREETASIA:  Data from SNL Financialreleased earlier this week,showed that Singapore state-owned fund Temasek Holdings is the single-largest foreign investor in Chinese banks amongst the top 25 foreign investors in China. The SNL index also showed that Chinese banks had outperformed their regional peers in the Asia-Pacific, including Japan and Australia. (more…)

China, InspirAsia, Singapore

April 16, 2015

Chinese Users Can Now Book And Pay For Karaoke Sessions Inside WeChat

TECHINASIAChina’s wannabe pop stars can now subject their friends to drunken renditions of Jay Chou tunes without carrying cash. WeChat, the popular messaging app owned by Tencent, announced yesterday it will incorporate karaoke services from inside the app. (more…)

China, Fintech news, InspirAsia, Mobile payments/banking, news

April 10, 2015

1565

Alibaba steps up China online finance network push with new index, bank

REUTERS: Alibaba Group Holding Ltd (BABA.N) and its finance affiliate accelerated a drive to be a full-fledged Chinese online financial network, with the launch on Thursday of an e-commerce tracking stock index and plans for a June start of an internet bank. (more…)

China, Fintech news, InspirAsia

April 9, 2015

1976

Yuri Milner’s Unparalleled Global Tech Gold-Mining Machine

FORBES: How a Russian investor Yuri Milner established his “gold-mining machine” (firm DST) and why he believes that the future belongs to Asia. China lifted Milner up from ranked 35 to 20 in the Forbes ranking of the best investors. Investments in Alibaba and smartphone vendor Xiaomi opened Yuri Milner’s way to the Forbes’ top 20 investors. In the past year the entrepreneur preferred China to the US.

(more…)

Analytics, China, Fintech news, Global trends, InspirAsia, news

March 25, 2015