Fintech

Hong Kong-Based Blockchain Investment Fund Acquires China’s First Bitcoin Exchange

Hong Kong-Based Blockchain Investment Fund Acquires China’s First Bitcoin Exchange

A Hong Kong-based unnamed blockchain investment fund has acquired Bitcoin China, or BTCC, the digital currency trading platform said on…

Jan 30, 2018
Tang Shihua
The Year I Worked as a Bitcoin Miner

The Year I Worked as a Bitcoin Miner

More than 20,000 rumbling machines filled both sides of the 150-meter-long warehouse.

Jan 29, 2018
YF Financial
Meitu Denies Involvement in Illegal ICOs

Meitu Denies Involvement in Illegal ICOs

Meitu Inc., which made popular Chinese selfie app Meitu Xiuxiu, has denied having connections to cryptocurrency software Ethereum Xiuxiu and…

Jan 25, 2018
Dou Shicong
IMF’s Lagarde Tweets on ‘Fascinating Conversation’ With Jack Ma at Davos

IMF’s Lagarde Tweets on ‘Fascinating Conversation’ With Jack Ma at Davos

Christine Lagarde, managing director of the International Monetary Fund, posted a photo on Twitter of herself with Alibaba Group Holding Ltd.’s…

Jan 24, 2018
Xu Wei
Rental Costs for Guangzhou Warehouses Soar on Rising E-Commerce Demand

Rental Costs for Guangzhou Warehouses Soar on Rising E-Commerce Demand

The average monthly rental price for warehouses in China’s southern city of Guangzhou has almost doubled over the past 10…

Jan 24, 2018
Feng Yunqing
Fintech Firm Rongyu Group to Take Majority Stake in Automotive E-Commerce Marketer

Fintech Firm Rongyu Group to Take Majority Stake in Automotive E-Commerce Marketer

Fintech company Rongyu Group Co. plans to splash CNY60 million (USD9.4 million) on a stake in an automotive e-commerce marketer to enhance its presence in the technology sector.

Jan 24, 2018
Dou Shicong
Meitu Taps Blockchain for Facial Recognition Authentication System

Meitu Taps Blockchain for Facial Recognition Authentication System

Meitu Inc., which made popular Chinese selfie app Meitu Xiuxiu, plans to develop a blockchain-based facial recognition system to decentralize user authentication.

Jan 23, 2018
Dou Shicong
Fintech Remains Good Bet For Seeing Returns on Assets, Early PPDai Investor Says

Fintech Remains Good Bet For Seeing Returns on Assets, Early PPDai Investor Says

Chinese venture capital firm Lightspeed China Partners expects investment in the fintech sector to continue as a general trend going…

Jan 19, 2018
Tang Shihua
Survey Reveals Dividing Lines in Mobile Payments Among Different Generations

Survey Reveals Dividing Lines in Mobile Payments Among Different Generations

China UnionPay, Questionnaire Survey. Male customers who spent more than CNY5,000 (USD778) for online shopping last year accounted for 23…

Jan 18, 2018
Liao Shumin
Daily Yoga Secures USD9 Million in Orchid Asia-Led Financing Round

Daily Yoga Secures USD9 Million in Orchid Asia-Led Financing Round

The Daily Yoga fitness brand has secured CNY60 million (USD9.3 million) in a financing round Orchid Asia Group Management Ltd. led

Jan 18, 2018
Liao Shumin
Lenovo P2P Unit Loansharks Criticized for Violence Against Debtors

Lenovo P2P Unit Loansharks Criticized for Violence Against Debtors

EloanCN, the peer-to-peer lending arm of Chinese computer giant Lenovo Group Co., has expressed its condemnation of violent behavior among…

Jan 17, 2018
Xu Wei
Shanghai, Shenzhen Bourses Warn of Blockchain Mania

Shanghai, Shenzhen Bourses Warn of Blockchain Mania

The recent blockchain mania in China's A-share market has furrowed brows on the Shanghai and Shenzhen stock exchanges. The two…

Jan 17, 2018
Tang Shihua

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