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Fintech

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
Chinese Regulators Call Halt to Trading on Two Cryptocurrency Platforms

Chinese Regulators Call Halt to Trading on Two Cryptocurrency Platforms

Two Chinese cryptocurrency trading platforms GuiCoin and 3Nok.com, have suspended all transactions, following calls from the country's regulators, and have…

Jan 17, 2018
Dou Shicong
China’s Internet Finance Firm Qudian Unveils Budget Auto Leasing Platform

China’s Internet Finance Firm Qudian Unveils Budget Auto Leasing Platform

China’s internet finance firm Qudian Inc. yesterday unveiled an online platform that allows car buyers to make purchases with…

Jan 17, 2018
Dou Shicong
Alibaba’s Finance Arm Gets Green Light to Securitize Illiquid Assets

Alibaba’s Finance Arm Gets Green Light to Securitize Illiquid Assets

Two micro-lenders backed by Alibaba Group Holding Ltd. have secured regulatory approval to raise funds through asset-backed securities products, allowing…

Jan 16, 2018
She Qingqi & Du Chuan
What’s the Future of Blockchain In China?

What’s the Future of Blockchain In China?

Much as the 800-year-old Magna Carta provided the framework for modern-day governance through the rule of law, the nine-year-old Bitcoin…

Jan 16, 2018
Layla Dong
Pyramid Schemes in China Are Hiding Behind Blockchain, Cryptocurrency, Expert Says

Pyramid Schemes in China Are Hiding Behind Blockchain, Cryptocurrency, Expert Says

The number of recently established multi-level marketing platforms in China cloaking themselves with blockchain or cryptocurrencies has surpassed 3,000, and…

Jan 16, 2018
Dou Shicong
Tungkong Inc., Blockchain Technology Firm Team to Better E-Invoices, E-Bills

Tungkong Inc., Blockchain Technology Firm Team to Better E-Invoices, E-Bills

Bill-printing firm Tungkong Inc. will collaborate with a blockchain technology company to ply e-invoice and e-bill businesses, it announced.

Jan 15, 2018
Tang Shihua
Xunlei Shares Dive 27% After Regulator Slams Its Blockchain Product

Xunlei Shares Dive 27% After Regulator Slams Its Blockchain Product

Xunlei Ltd.’s share price plummeted after China’s online finance regulator condemned its blockchain product OneCoin in a public statement, labeling it an initial coin offering in disguise.

Jan 15, 2018
Dou Shicong
Bitcoin Mining Rig Maker Canaan Posts USD185 Million in 2017 Sales

Bitcoin Mining Rig Maker Canaan Posts USD185 Million in 2017 Sales

Chinese bitcoin mining equipment manufacturer Canaan Creative Co. recorded sales of over CNY1.2 billion (USD185.2 million) and profits of CNY300…

Jan 12, 2018
Dou Shicong

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