Fintech

No Place in Finance for Blockchain, PBOC Advisor Says

No Place in Finance for Blockchain, PBOC Advisor Says

Blockchain has no future in finance as digital currencies are not real money, state-run online news portal The Paper cited an advisor to China’s central bank as saying.

Apr 11, 2018
Liao Shumin
China’s Biggest Truck Maker Taps HyUnion Fintech Unit for Blockchain

China’s Biggest Truck Maker Taps HyUnion Fintech Unit for Blockchain

China’s biggest truck manufacturer Beiqi Foton Motor Co., a unit of auto giant Beijing Automotive Industry Holding Co., has enlisted…

Apr 9, 2018
Tang Shihua
Alibaba Sues Dubai Company Over ‘Alibabacoin’ Cryptocurrency

Alibaba Sues Dubai Company Over ‘Alibabacoin’ Cryptocurrency

Alibaba Group Holding Co. is suing a company in the Emirate of Dubai for issuing a virtual currency styled ‘Alibabacoin,’…

Apr 4, 2018
Liao Shumin
Qudian Aims to Sell 100,000 Vehicles to Youth in Small Cities This Year

Qudian Aims to Sell 100,000 Vehicles to Youth in Small Cities This Year

Qudian Inc., which has redirected its business from consumer finance to new vehicle retail, plans to sell 100,000 autos this year, state media outlet Thepaper.cn reported.   

Apr 3, 2018
Tang Shihua
Alibaba Quietly Withdraws Test Product Due to ICO Similarities

Alibaba Quietly Withdraws Test Product Due to ICO Similarities

Alibaba Quietly Withdraws Test Product Due to ICO Similarities. China’s largest e-commerce firm Alibaba Group Holding Ltd. yesterday unveiled…

Apr 1, 2018
Dou Shicong
HyUnion Subsidiary to Provide Blockchain Technology Services for Online Insurance Firm

HyUnion Subsidiary to Provide Blockchain Technology Services for Online Insurance Firm

A wholly-owned subsidiary of HyUnion Holding Co. will provide blockchain technology services to a Beijing-based online insurance company to…

Mar 27, 2018
Tang Shihua
PBOC Unit Launches China’s First Blockchain-as-a-Service Platform

PBOC Unit Launches China’s First Blockchain-as-a-Service Platform

A unit of China’s central bank has set up the country’s first blockchain service platform allowing users to prove their…

Mar 27, 2018
Dou Shicong
Ant Financial, Kweichow Moutai Pair Up to Develop Blockchain-Based Anti-Counterfeit Solution

Ant Financial, Kweichow Moutai Pair Up to Develop Blockchain-Based Anti-Counterfeit Solution

Ant Financial Services Group, affiliate of China’s internet behemoth Alibaba Group Holding Ltd., has entered into a partnership with premium…

Mar 26, 2018
Dou Shicong
Giant Network Sells Stake in Fallen Chinese Bitcoin Trading Giant to Its Actual Controller

Giant Network Sells Stake in Fallen Chinese Bitcoin Trading Giant to Its Actual Controller

Giant Interactive Group Inc. has sold all of its stake in OKC Holdings Corp., the operator of OKcoin, which was…

Mar 26, 2018
Liao Shumin
Blockchain Bubble May Burst in Two to Three Years, Ant Financial CEO Says

Blockchain Bubble May Burst in Two to Three Years, Ant Financial CEO Says

The head of Alibaba Group Holding Ltd.’s fintech affiliate Ant Financial Services Group has questioned the current hype surrounding the…

Mar 26, 2018
Dou Shicong
Fintech App Operator 51 Credit Card Applies for Hong Kong Listing

Fintech App Operator 51 Credit Card Applies for Hong Kong Listing

Chinese fintech unicorn 51 Credit Card Inc. has formally submitted its prospectus for listing on the Hong Kong Stock Exchange,…

Mar 23, 2018
Liao Shumin
Ant Financial Taps Into Indonesia’s Vast Smartphone Market With Digital Wallet

Ant Financial Taps Into Indonesia’s Vast Smartphone Market With Digital Wallet

Ant Financial Services Group, the financial affiliate of China’s biggest e-commerce firm Alibaba Group Holding Ltd., has released an…

Mar 23, 2018
Tang Shihua

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