Posts Tagged ‘online bank’

China Development Bank Inks Tencent Fintech Deal

China Development Bank and Tencent signed a strategic cooperation agreement on “Internet plus” for development of finance services. The term …


Chinese Search Engine Baidu Gains Online Banking License

Not only will China’s biggest search engine have access to netizens’ online search habits, it will soon also hold dominion …


Two Chinese Banks Hit By Internet Phishing Scams

malware and hackerBank of China Hong Kong and Hang Seng Bank have both issued warnings in recent days about Web-based attacks targeted …


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 …


JD’s JV With ZestFinance Will Soon Open Services In China

e-commerce and credit card usage onlineJD Finance CEO Chen Shengqian revealed that the company’s joint venture with ZestFinance, an American Internet financial company specializing in …


China’s Baidu Makes American Blockchain Investment

Bitcoin virtual currencyChinese search engine Baidu.com has made a fintech investment in an American blockchain company. U.S. Bitcoin start-up Circle Internet Financial …


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, […]


Chinese Bitcoin Trading Platform Gains USD5 Million Investment

BTC China, one of the largest Bitcoin virtual currency trading platforms in China, announced that the company has completed its first-round financing and gained total investments of USD5 million from Lightspeed China Partners and US-based Lightspeed Venture Partners. According to statistics provided by Bitcoinity.org, over the past few weeks, BTC China’s trading volume exceeded Mt. […]


Alipay.com Teams With Chinese Banks For Convenient Internet Payments

Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has launched a new convenient Internet payment service. The online payment company is cooperating with ten banks, including Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Ping’an Bank, Bank of Beijing, Shanghai […]


Alibaba Plans To Open Physical Banks In China

Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People’s Bank of China and China Banking Regulatory Commission. The new subsidiary is reportedly jointly invested by Alibaba Group, the people’s government of Zhejiang, Softbank, and CDH Investments. Jack […]