Posts Tagged ‘loan’

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 …


Ant Financial’s Rural Strategy Focuses On China’s Microfinance Opportunities

Even with the explosive growth of technology in China, it’s still important to remember that China is still a nation …


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 …


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 […]


Bitcoin Futures Trading Suspects Arrested In China

Three men involved in an alleged swindle of Chinese speculators of the Bitcoin virtual currency have been detained in China. Local media report that the three men were involved in the GBL trading platform that allowed Bitcoin futures trading. The service ran for a few months and then closed abruptly on October 26, 2013. When […]


Xunlei Partners With China Construction Bank For Pre-IPO Financing

Chinese Internet company Xunlei has formed a strategic partnership with China Construction Bank’s Shenzhen branch to gain a CNY10 billion loan and a customized capital management program for Xunlei over the next three years. Luo Lan, vice president of Xunlei, said that the cooperation aims to provide financial security for Xunlei’s rapid expansion, enhance the […]


Heightened Chinese Inflation Pushes Renren.com To Offer Employee Loans

Chinese social networking website Renren.com has announced that it will launch an interest-free housing scheme, and employees can apply for loans of between CNY200,000 and CNY400,000. Chen Yizhou, chief executive officer of Renren.com, told local media that the rapid development of Renren.com is attributed to the efforts and commitment of employees. Renren.com will not only […]


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 […]


PBOC To Regulate Payment, Settlement Businesses Of Internet Platforms In China

The People’s Bank of China has published a notice that requires all non-financial organizations engaged in payment and settlement businesses in China, including Internet platforms such as Alipay, to fully register under the new guidelines before July 31, 2009.
Though PBOC says the registration results will only be used as references of making relevant policies and […]