Banks Must Learn to be More Like Tech Companies
CNBC’s East Tech West event in China featured leaders from several eastern and western banks; some argued that they really should be considered ...
Why US Banks Should Pay Attention to Chinese Fintechs
An op-ed in American Banker makes the point that Chinese fintech, propelled by Alipay and WeChat, is already at a scale far beyond ...
Hong Kong Turmoil Disrupts Plans for Chinese Digital Banks
Earlier this year Xiaomi, Alibaba, Ctrip, Ping An, Bank of China, Industrial and Commercial Bank of China and Tencent all gained approval to ...
Tandem Prepares for Launch in Hong Kong
Tandem has started with an early adopter program in Hong Kong as they look to officially launch in their first overseas market; it ...
Alipay Opens Up to Foreign Visitors
Previously Alipay was only available for those who held an account with a Chinese bank; with the change visitors to the country will ...
Chinese Blockchain VC’s Encouraged by Government Push
Almost 90 percent of blockchain focused venture capitalists left the Chinese market after the crypto crash in 2018; the funds who weathered the ...
Shanghai Authorities Tell P2P Lenders To Wind Down Operations
Shanghai is home to some of the largest peer to peer lending platforms in China; the FT is reporting that authorities there have ...
Announcements & Releases for November 1, 2019
Paidy Announces $143 Million USD in Funding: $83 Million USD in Series C Extension & $60 Million USD in Debt Financing NYDFS Prevails Once ...
China Bans Articles Critical of Blockchain Technology
China was in the news last week when President Xi Jinping announced his full-throated support of blockchain technology; this has been regarded as ...
China’s New Digital Currency Could Undermine Alipay and Tencent
In China 94% of smartphone-based electronic payments are controlled by two firms: Ant Financial’s Alipay and Tencent’s WeChat Pay; the launch of a digital currency ...