China’s fintech market is the biggest and most powerful in the world, especially when it comes to Alipay and WeChat...
The People’s Bank of China has recently launched a trial version of their digital currency which they hope will reduce...
After launching 4 years ago two of China’s online banks, MYBank and WeBank, are struggling to make a big impact...
Online lenders in China have started to self inspect how they run their companies as the government has been a lot more proactive in oversight than in year’s past; the government fears that borrowers are becoming over indebted and are borrowing to pay back other lenders; some of the top lenders fear the government crackdown could cause other panic and trigger outcomes that would be even worse than a few online lenders shutting down; right now it seems as if lenders are in limbo wondering what the future will hold. Source.
Chinese p2p lending has been put in a stranglehold by the government in the last couple of years as they...
China was once home to the largest p2p lending market in the world and now it faces extinction; a few...
China’s p2p lending market has been under extreme pressure in recent years as the number of platforms has shrunk to...
Recent IPO filings by some Chinese unicorns has revealed companies who misrepresented the amount they raised in venture funding; Jianpu Technology is reported to have inflated their capital raising's and Qudian is under pressure for potentially disclosing incorrect bad-loan ratios; Chinese regulators have begun looking more closely at consumer lenders and the recent surge in potential IPOs might take a hit with the bad news trend. Source.
SenseTime has raised $60 million to support artificial intelligence technology development for the firm; SenseTime provides face recognition technology services to over 300 companies and also offers text, vehicle and image recognition; the firm's recent $60 million funding round was led by Shanghai-based Sailing Capital International. Source
Operation Fox Hunt is the coordinated effort by Chinese police to search the region to find p2p fraudsters as the...