It is estimated that half of China’s peer to peer lending platforms closed down in 2018; by the end of...
My first trip to China was back in 2014 when I was invited to speak at a closed door meeting...
China’s government has tried for many years to establish a credit system that rivals the U.S. and Europe, but has...
Naspers is the most valuable listed company in Africa and is now selling $10 billion worth of shares in Tencent to invest in fintech, classified and online food delivery businesses; Naspers stake in Tencent is estimated at $545 billion; this is the first time the company has sold shares in the company after initially investing in 2001. Source
Senmiao Technology plans to raise $14 million in a US IPO; the company was founded in 2014 and plans to list on the Nasdaq with symbol AIHS; if the company has a successful IPO, they may be worth around $100 million. Source
The biggest investment banks including Goldman Sachs and Citi have stopped taking Chinese p2p lenders public as a result of...
When I started LendIt with my fellow co-founders back in 2013 I was most excited about how online lending could...
In 2015 China’s Central Bank contracted eight companies, including affiliates of Tencent, Ping An and Alibaba, to help build a...
New regulations on asset management will increase capital that institutions have to hold in China; these regulations will significantly affect bank and nonbank relationships; banks have repackaged loans and transferred them to brokerages and other lenders which eventually make their way to investors; last year these transactions totaled $3.5 trillion in off-balance sheet lending according to the Wall Street Journal; one example of a lender that has been fined is China Guangfa Bank which turned loans going sour into high yield investments. Source
Micro-lenders in China have brought billions of packaged consumer loans to institutional investors in China; the market this year though may slow due to regulatory scrutiny according industry sources; the current leaders in this space include Ant Financial Services Group as well as groups within JD.com, Baidu, VIPShop Holdings and Xiaomi Technology. Source