Fintech

China's National Internet Finance Association Sets Up Committee for Online Equity Financing

China's National Internet Finance Association Sets Up Committee for Online Equity Financing

China's National Internet Finance Association (NIFA) has established a committee for internet equity financing, which is responsible for developing self-disciplinary…

Oct 20, 2017
Du Chuan
Baidu Finance Unit Takes Over Insurance Broker in Heilongjiang

Baidu Finance Unit Takes Over Insurance Broker in Heilongjiang

A financial platform run by Chinese Internet giant Baidu Inc. [NASDAQ:BIDU] has bought out an insurance broker based in Northern…

Oct 20, 2017
Dou Shicong
UnionPay Expands Online Payment Services to Attract More Online Spenders

UnionPay Expands Online Payment Services to Attract More Online Spenders

UnionPay Expands Online Payment Services to Attract More Online Spenders.

Oct 19, 2017
Zhang Xia
Qudian’s New York IPO Raises USD900 Million, Largest for US-Listed Chinese Firm This Year

Qudian’s New York IPO Raises USD900 Million, Largest for US-Listed Chinese Firm This Year

Fintech company Qudian Inc. [NYSE:QD], the largest Chinese company to list in the US this year, went public on the New…

Oct 19, 2017
Liao Shumin
JD Finance Sets Up Second Micro Loan Firm in Chongqing to Lend to SMEs

JD Finance Sets Up Second Micro Loan Firm in Chongqing to Lend to SMEs

Beijing Jingdong Finance Technology Holding Co., an internet investment and financing platform operated by Chinese e-commerce giant JD.Com Inc. [NASDAQ:JD],…

Oct 18, 2017
Zhang Xia
Easysight Registers New Blockchain Unit in Khorgas, Xinjiang With USD120 Million

Easysight Registers New Blockchain Unit in Khorgas, Xinjiang With USD120 Million

Sichuan-based Easysight Supply Chain Management Co. [SHA:600093] has finished commercial and industrial registration for its new blockchain division, to be…

Oct 18, 2017
Dou Shicong
China’s Regulators Bring In New Rules for P2P Lending, 44 Items Added to Mandatory Disclosure

China’s Regulators Bring In New Rules for P2P Lending, 44 Items Added to Mandatory Disclosure

The National Internet Finance Association of China (NIFAC) has published two amendments to collective standards on information disclosure for internet…

Oct 18, 2017
Tang Shihua
AI Investment Advisors Won’t Replace Real People, Standard Chartered Executive Says

AI Investment Advisors Won’t Replace Real People, Standard Chartered Executive Says

Artificial intelligence and Big Data are merely technical assistants to investment advisors, and will not completely replace advisors, David Leung,…

Oct 17, 2017
Yin Yi
China’s Online Finance Platforms Plan Overseas IPOs to Avoid A-Share Requirements

China’s Online Finance Platforms Plan Overseas IPOs to Avoid A-Share Requirements

Chinese fintech and online financing firms are turning to overseas stock exchanges due to difficulties listing in the domestic market.…

Oct 16, 2017
Liao Shumin
Russia May Soon Issue Its Own Official Cryptocurrency

Russia May Soon Issue Its Own Official Cryptocurrency

Russia may soon issue its own official cryptocurrency -- the CryptoRuble -- putting an end to months of conjecture on…

Oct 16, 2017
Liao Shumin
Xunlei Denies Blockchain Product OneCoin Constitutes ICO, Says It Cannot Be Purchased or Traded in Cash

Xunlei Denies Blockchain Product OneCoin Constitutes ICO, Says It Cannot Be Purchased or Traded in Cash

OneThing Technology Co., a subsidiary of China-based multinational internet company Xunlei Ltd. [NASDAQ:XNET], refutes claims that its new blockchain-based product…

Oct 16, 2017
Liao Shumin
Chinese P2P Lending Firm PPDai Files USD3.5 Million IPO Application in New York

Chinese P2P Lending Firm PPDai Files USD3.5 Million IPO Application in New York

Chinese peer-to-peer lending company Shanghai PPDai Financial Information Services Co. plans to raise up to USD3.5 million via a stock…

Oct 16, 2017
Dou Shicong

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