China’s New Digital Currency Tries to Limit Dominance of Alibaba and Tencent
The People’s Bank of China has recently launched a trial version of their digital currency which they hope will reduce the dominance of Alibaba ...
How Ant Group was Built into a Fintech Powerhouse
The Ant Group is slated to go public with a valuation around $200bn, which makes it the world’s highest valued fintech company; while it ...
Chinese Fintech Company Lufax Considering a US IPO This Year
On the heels of the Ant Financial IPO news earlier this week leading Chinese online wealth management platform Lufax is seeking a US IPO as ...
Ant Group Plans Dual IPOs in Shanghai and Hong Kong
Ant Group, formerly known as Ant Financial, the creator of Alipay, has said that it is planning to do dual IPOs in Hong Kong and ...
Alipay Has More than 1 Billion Annual Active Users
A new filing from Alibaba, who owns 33 percent of Ant Financial, reveals that Alipay claims to have 1.3 billion annual active users as ...
Taulia Raising $60m From Big Name Investors
Supply chain finance startup Taulia is in the process of raising a $60 million round led by the fintech investment arm of Chinese insurance giant ...
Airwallex is Trying to Overhaul the Traditional Payments System
As most companies were trying to figure out how to handle the economic downturn Airwallex was able to raise $160mn; the company is creating ...
More News for July 6, 2020
Lending Works sold to alternative investment manager Global Fintech Funding Declined during COVID-19, Investors Now Focused on Mature ...
AI Becoming Core Component of Financial Services
According to a 2019 study by Forrester about half of financial services and insurance firms around the world are already using AI; “We are ...
Ant Financial Changing Name to Ant Technology Group
China’s fintech behemoth Ant Financial is changing its name; Ant Financial Services Group has received approval to change its name to Ant Technology Group Co., ...