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1487

Chinese FinTech startup iMaibo is raising up to US$10M Series A

E27.CO: China’s iMaibo, a stock market app, has grown from 10,000 to 100,000 active daily users within nine months, brought on a new CEO and is looking to raise a Series A round of US$5-10 million (more…)

China, Fintech news, InspirAsia, news

March 20, 2015

1550

Secure Messaging App Wiper Adds Bitcoin Support, Gets Yanked In China

TECHCRUNCH: Wiper, a chat application designed to provide users with control over their sent and received messages, recently rolled out support for bitcoin transactions between its users. The tool is simple, allowing individuals to send cryptocurrency to others inside the app’s main chat interface. But CEO Manlio Carrelli told TechCrunch that Wiper was “removed from the iOS App Store in China due to violating that app store’s policies,” and that “Apple [had] explained to [the company] by phone that this violation was related to Wiper enabling bitcoin payments.” (more…)

China, Cryptocurrencies, Fintech news, InspirAsia, news, p2p-payments

March 15, 2015

1423

Series C crunch will leave hundreds of Chinese startups without funding in 2015, says local VC

TECHINASIA: The lack of venture capital against the background of increased demand for it may lead to a shortage of money for growth-stage (Series C) startups in China
(more…)

Analytics, China, Global trends, InspirAsia, news

March 13, 2015

1349

Snapchat Is Raising Money From Alibaba at a $15 Billion Valuation

BLOOMBERG: Alibaba Group Holding Ltd. plans to invest in Snapchat Inc., the mobile application for sending disappearing photos, at a valuation of $15 billion, people familiar with the situation said. China’s biggest e-commerce company intends to invest $200 million, said the people, who asked not to be identified because the discussions are private.

(more…)

China, Deals

March 12, 2015

1630

Twitter Opens Hong Kong Office To Make Money In China

TECHCRUNCH: Twitter may be blocked in mainland China, but there is still plenty of money to be made from beyond the Great Firewall. The company opened a Hong Kong office today with the goal of helping companies in China market to overseas consumers.

(more…)

Hong Kong, InspirAsia

March 9, 2015