Tag: China
A plea for rules, even if Hong Kong loses to Singapore
Call them barriers, obstacles, hindrances to development, if you will, but we need these rules. Read more: www.scmp.com
The challenges China’s booming FinTech sector will need to tackle
China’s financial technology sector is taking off, allowing customers to easily make payments, obtain loans and invest online. Read more: www.forbes.com
Alipay & WeChat payments have risen to $2.9 trillion
Alipay and WeChat payments have risen from transactions of less than $81bn (RMB 1 trillion) in 2012 to an estimated $2.9 trillion (RMB 20 trillion) in 2016. Read more: www.crowdfundinsider.com
Source Code Capital closes third fund with $260m hard cap
Chinese early-stage venture firm Source Code Capital has reached a final close of its third US dollar fund at a $260m hard cap. Read more: www.fintechroundup.com
Bitauto takes $1bn from investors for Chinese auto-financing
Chinese auto financing platform Bitauto has secured $1bn in its latest funding round from a consortium of heavyweight Chinese internet firms. Read more: www.fintechroundup.com
How WeChat Pay became Alipay’s largest rival
In the span of three years, WeChat's mobile wallet has become Alipay's biggest competitor. Here's how. Read more: www.techinasia.com
Avalon calls for mining industry changes
In the wake of allegations that bitcoin hardware manufacturers may be engaging in unfair practices. Read more: www.coindesk.com
Chinese credit assessment startup Wecash lands $80m
Chinese online credit evaluation platform Wecash has raised $80m in a Series C round of funding from local investors. Read more: www.fintechroundup.com
Yunfeng’s investment robo-app targets the masses
Yunfeng Financial Group Ltd. has created a robo-advisor application to manage the wealth of regular Chinese and Hong Kong investors. Read more: www.bloomberg.com
Does regulation slow down or accelerate adoption?
Recently, many countries and cities have published new laws and legislations to regulate bitcoin. Read more: www.bitcoinist.com