Posts Tagged ‘finance’

Huawei Teams With WorldRemit To Offer Mobile Payments In Africa

Chinese telecom device maker Huawei and digital transfer services provider WorldRemit reached a deal to offer international transfer services to …


U.S. Payments Start-up Teams With Alipay, WeChat To Reach Chinese Consumers

Silicon Valley start-up company Stripe has reached deals with Chinese digital payment service providers Alipay and WeChat payment to enable …


Is P2P Lending Out Of Control In China?

Internet financeThe China Banking Regulatory Commission appears ready to issue new guidelines that will cap P2P lending and curtail some of …


Samsung Links Online Payments With China’s Alipay

Samsung paymentSamsung’s payment service Samsung Pay and Alibaba’s payment service Alipay announced an interoperability deal that allows users to complete payments …


Fintech In Asia Gains Momentum As Consolidation Continues Says FintekAsia.com

Dalian, China, May 9, 2016 /ChinaNewswire.com/ – Financial technology, e-commerce, and online payments are all booming industries in Asia, especially in the largest markets of China, India, and Japan. From startup fintech incubators in Hong Kong to e-commerce vendor aggregators in Mumbai to huge online payment services in Hangzhou, many banks, traditional industries, and Internet … Continue reading “Fintech In Asia Gains Momentum As Consolidation Continues Says FintekAsia.com”


Suguo Stores Begin Supporting Apple Pay In China

Apple PayJiangsu-based supermarket chain Suguo announced that its 1,500 owned stores in Jiangsu and Anhui provinces, covering shopping plazas, community stores, …


Who Just Invested In The Postal Savings Bank Of China?

The cadres running one of China’s top banks are seeking a bigger exit, as they just landed a huge investment. Postal Savings Bank of China sold shares to ten strategic investors, with a total financing scale of CNY45.1 billion. The ten investors include six international financial organizations: UBS, JPMorgan, DBS, Canada Pension Plan Investment Board, […]


Chinese Internet Loan Platform Eyes IPO In U.S.

Chinese P2P loan company China Rapid Finance plans to launch an initial public offering in America in the first half of 2016, and the company aims to raise up to USD200 million. According to reports in foreign media, Morgan Stanley, Citibank, and Jefferies are handling the deal and China Rapid Finance may choose to be […]


Central China Welcomes Government-Backed Cloud Computing Venture

Chinese Internet video group Letv signed an agreement with the municipal government of Chongqing and China Bridge Capital to build an industrial base in Chongqing. The cooperation will include cloud computing, big data, smart device manufacturing, and finance. Letv said the detailed investment amount will be disclosed soon. Letv’s scope of business covers seven sectors: […]


Ant Financial Opens Its Internet Bank This Week In China

Ant Financial Services Group, a small and micro financial services company under Alibaba Group’s Alipay, will officially launch their online banking platform MYbank on June 25, 2015. MYbank is also known as Zhejiang Online Business Bank and is one of the first five trial private banks approved by China Banking Regulatory Commission on March 11, […]