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Fintech

Alibaba Pumps USD1.2 Billion Into Its Micro Lenders in Order to Meet New Regulation

Alibaba Pumps USD1.2 Billion Into Its Micro Lenders in Order to Meet New Regulation

The finance arm of Chinese e-commerce giant Alibaba Group Holding Ltd. [NYSE:BABA], Ant Financial Services Group, will pump CNY8.2 billion…

Dec 18, 2017
Dou Shicong
Guoyuan Securities Partners JD Finance to Improve Fintech Amid Rise in China’s Consumer Spending

Guoyuan Securities Partners JD Finance to Improve Fintech Amid Rise in China’s Consumer Spending

The finance arm under Chinese e-commerce giant JD.com Inc. [NASDAQ:JD] has struck a deal to offer its technology and services to Guoyuan Securities Co. [SHE:000728] .

Dec 18, 2017
Tang Shihua
Beijing Court Dismisses Bitcoin Investor’s Lawsuit Against Trading Platform Huobi

Beijing Court Dismisses Bitcoin Investor’s Lawsuit Against Trading Platform Huobi

The Beijing Haidian District People’s Court has dismissed a case filed by a Chinese cryptocurrency investor surnamed Chen.

Dec 15, 2017
Chen Juan
China’s Internet Finance Platforms Post Impressive Net Profits Under Increasing Regulatory Pressure

China’s Internet Finance Platforms Post Impressive Net Profits Under Increasing Regulatory Pressure

China’s listed internet finance platforms have achieved steady business and earnings growth in the third quarter, a review of their…

Dec 14, 2017
Liao Shumin
China, South Korea Agree to Hold Joint Projects to Nurture E-Commerce Talent

China, South Korea Agree to Hold Joint Projects to Nurture E-Commerce Talent

China’s online retail industry body will work with a trade authority from South Korea to jointly organize exhibitions to better provide talent training for those engaged in the e-commerce sector.

Dec 13, 2017
Xu Wei
China’s Payment Players Aim to Profit From Popularity of Southeast Asia Among Tourists

China’s Payment Players Aim to Profit From Popularity of Southeast Asia Among Tourists

China's major payment providers have expanded their presence in Southeast Asia, as they look to capitalize on the region’s position as the most popular destination among Chinese tourists.

Dec 13, 2017
Yin Yi
China Aims to Reduce P2P Loan Risks With First National Supervision Platform

China Aims to Reduce P2P Loan Risks With First National Supervision Platform

China has approved the country’s first real-time monitoring system for the online finance sector, as part of the recent crackdown on risks related to the peer to peer lending.

Dec 13, 2017
Dou Shicong
China UnionPay, 30 Financial Institutions Roll Out Unified Mobile Payment App

China UnionPay, 30 Financial Institutions Roll Out Unified Mobile Payment App

China UnionPay, the country’s biggest bank card provider, has unveiled a new mobile app developed jointly with 30 commercial banks and financial institutions supporting QR code payments.

Dec 12, 2017
Liao Shumin
Percentage of Mobile Banking Service Users Hits 51% This Year, Ties With Banking Service Users

Percentage of Mobile Banking Service Users Hits 51% This Year, Ties With Banking Service Users

The popularization of mobile apps is swelling the ranks of Chinese mobile banking service users.

Dec 7, 2017
Tang Shihua
Japan’s Financial Services Agency Winks at Four More Digital Currency Exchanges

Japan’s Financial Services Agency Winks at Four More Digital Currency Exchanges

The Japanese Financial Services Agency (FSA) has approved four more digital currency exchanges to legally operate in Japan, Jiemian.com reported.

Dec 4, 2017
Liao Shumin
Pending Beijing P2P Registration Will Bar Non-Compliant Cash Loan Businesses

Pending Beijing P2P Registration Will Bar Non-Compliant Cash Loan Businesses

Following the imposition of a moratorium on applications to establish online microlending businesses, regulation of cash loans is now looming. A…

Dec 1, 2017
Zhang Xia
China Will Remain Global Cryptocurrency Center Despite ICO Ban, Says CBRC Advisor

China Will Remain Global Cryptocurrency Center Despite ICO Ban, Says CBRC Advisor

China Will Remain Global Cryptocurrency Center Despite ICO Ban, Says CBRC Advisor. China has tightened up regulation over the digital…

Dec 1, 2017
Yang Yanqing and Lin Chunjie

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