Fintech

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
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

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