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Fintech

Power Company in Sichuan Orders Grid-Connected Hydropower Stations to Stop Bitcoin Production

Power Company in Sichuan Orders Grid-Connected Hydropower Stations to Stop Bitcoin Production

Following the complete halt of bitcoin trading in exchanges, bitcoin mine operation, the upstream of the bitcoin industry, has also begun to be restricted.

Nov 15, 2017
Tang Shihua
Chinese Internet Financial Platform Hexindai to List on NASDAQ Today

Chinese Internet Financial Platform Hexindai to List on NASDAQ Today

Chinese online consumer credit platform Hexindai Inc. [NASDAQ:HX] will list on the Nasdaq stock market today, raising USD80 million through issuance of shares in the range of USD9 to USD11.

Nov 3, 2017
Liao Shumin
Tencent Establishes Insurance Platform WeSure Through WeChat and QQ

Tencent Establishes Insurance Platform WeSure Through WeChat and QQ

Chinese internet giant Tencent Holdings Ltd. [HKG:0700] has officially commenced operations of its first insurance agency platform, WeSure Internet Insurance…

Nov 3, 2017
Liao Shumin
Chinese Fintech Firm Ppdai Group Pares Pool to USD298 Million in US IPO

Chinese Fintech Firm Ppdai Group Pares Pool to USD298 Million in US IPO

Ppdai Group Inc. plans to publicly list on the New York Stock Exchange (NYSE) on Nov. 10, with its stock code ‘PPDF,’ per a report by US-based financial website IPOScoop. 

Nov 2, 2017
Liao Shumin
Virtual Currency Translation Platform OKCoin Will Morph Into a Blockchain Technology Company

Virtual Currency Translation Platform OKCoin Will Morph Into a Blockchain Technology Company

Virtual currency exchanges will gradually shut down as supervision slowly tightens.

Oct 31, 2017
Liao Shumin
BTCChina Pulls Plug on Bitcoin, Yuan Withdrawals

BTCChina Pulls Plug on Bitcoin, Yuan Withdrawals

Users of BTCChina, one of China’s three biggest bitcoin trading platforms, have been unable to withdraw funds from their accounts as of 12.00 p.m. Beijing time today.

Oct 30, 2017
Dou Shicong
Qudian Shares Slump to 13% Lower Than IPO Price Amid Investor Doubts

Qudian Shares Slump to 13% Lower Than IPO Price Amid Investor Doubts

Fintech firm Qudian Inc. [NYSE:QD], the largest Chinese company to list in the US this year, saw its share price…

Oct 27, 2017
Liao Shumin
Loan App Yu'e Bao Market Fund Growth Falls to 9% from 25% Following Cuts to Upper Limit Deposits

Loan App Yu'e Bao Market Fund Growth Falls to 9% from 25% Following Cuts to Upper Limit Deposits

Yu’e Bao, an investment product from Chinese internet giant Alibaba Group Holding Ltd. [NYSE:BABA], saw its market fund size reach…

Oct 26, 2017
Liao Shumin
China, Russia Create New Currency Payment System to Form Independent Reserve Currency, Russian Media Reveal

China, Russia Create New Currency Payment System to Form Independent Reserve Currency, Russian Media Reveal

China’s central bank, the People’s Bank of China (PBOC), has announced the institution of a payment versus payment (PVP) yuan-ruble…

Oct 26, 2017
Liao Shumin
Alibaba Among International Tech Giants Competing for Market Share in India’s Mobile Payment Sector

Alibaba Among International Tech Giants Competing for Market Share in India’s Mobile Payment Sector

Alphabet Inc.’s [NASDAQ:GOOG] Google, Amazon.com Inc. [NASDAQ:AMZN], Facebook Inc. [NASDAQ:FB], Indian fintech firm Paytm and Chinese internet giant Alibaba Group…

Oct 26, 2017
Liao Shumin
Hong Kong, Shenzhen Will Team Up to Establish Fintech Innovation Award

Hong Kong, Shenzhen Will Team Up to Establish Fintech Innovation Award

The Hong Kong Monetary Authority (HKMA) said today that it will work with the Development of the Shenzhen Municipal Government…

Oct 25, 2017
Tang Shihua
Vjinke.com Has Most Overdue Projects at a 31.25% Rate, Says Chinese Web Finance Goup

Vjinke.com Has Most Overdue Projects at a 31.25% Rate, Says Chinese Web Finance Goup

One-hundred and one members of the National Internet Finance Association of China (NIFA) have disclosed their key operation indicators, among…

Oct 24, 2017
Tang Shihua

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