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840

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

1278

WeChat is building its own Slack

By Eric Crouch for TechinAsia,

Tencent, the company behind China’s wildly popular messenger/digital wallet/everything app WeChat, is planning to launch a new messenger aimed at office workers – and Slack had better watch out. (more…)

China, Fintech news, Global trends

March 12, 2016

1647

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

730

WeChat is 5 years old. Here’s how it’s grown

By Steven Millward for techinAsia.com

WeChat was born five years ago today. Here’s our potted history of China’s most essential app. (more…)

Fintech news

January 21, 2016

719

Deals: JD Finance Lands $1B Led By Sequoia China At $7.1B Valuation

Alibaba isn’t the only e-commerce service in China with a financial services arm capable of raising large amounts of external funding. While Alibaba’s Ant Financial raised an undisclosed round last summer at a colossal $45-$50 billion valuation, its rival e-commerce giant JD.com’s money-focused unit is also in the money after it took in RMB 6.65 billion (around $1.01 billion) from a clutch of high-profile investors. (more…)

Deals, Fintech news

January 17, 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

1555

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

927

Singapore’s Fintech

E27.CO: Singapore-based real-time financial monitoring app Call Levels is raising a US$500,000 bridge round to spur growth, e27 has learned. The round, which is still open but partially committed, is expected to close in the coming weeks. (more…)

Deals, InspirAsia, Singapore

July 3, 2015

808

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

1368

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

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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

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WeChat Now Has 500 Million Monthly Active Users

TECHINASIA: Messaging app WeChat now has 500 million monthly active users (MAUs), parent company Tencent revealed today. The new figure for Q4 2014 is up from 468 million in Q3 last year, and up from 355 million at the end of 2013. (more…)

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

March 18, 2015