JD Finance has announced the establishment of a venture capital fund, called ThousandTree Capital, to invest in early-stage companies (angel or A round) in the consumption field; JD Finance will hold minor shares in the startups; the investment decision will be to some extent driven by the data accumulated in the JD ecosystem. Source (Chinese)
New Resource Bank has been offering asset based loans through a partnership with P2Bi and the agreement could help to establish a template for smaller banks working with fintechs; the partnership is a win-win for P2Bi with more leads and the bank as they get to more efficiently work through customer relationships that might normally take more time and energy than it would be worth. Source.
FST Biometrics has raised $40 million and is developing a solution for facial recognition that detects your identity while you are in motion; the biometric technology presents a new solution for security identification; by detecting your identity it can be used to unlock doors and provide various other types of security access. Source
