Chinese Authorities Search Region for P2P Fraudsters
Operation Fox Hunt is the coordinated effort by Chinese police to search the region to find p2p fraudsters as the government continues their crackdown on ...
Announcements & Releases for February 19, 2019
The future of lending: intuition is out, intelligence is in Noted Hedge Fund Says Crypto Hasn’t Bottomed Yet ...
WorldFirst to Spin Off US Operation for Takeover by Ant Financial
A year ago US regulators nixed a deal for Chinese fintech giant Ant Financial’s buyout of MoneyGram; this time around they are taking no chances; ...
LendIt Fintech Industry Awards: Nomination Deadline Extended
Due to the high demand in awards submissions we are extending the deadline to submit until Friday, February 15th; One of the highlights of the ...
Ant Financial’s Yu’E Bao Fund Hits 2 Year Low
Ant Financial’s Yu’E Bao fund has shrunk to its lowest size in over two years as the government looks to downsize the fund due to systemic ...
China Open to More Foreign Bank Licenses
The Chinese government is looking to approve global banks for majority ownership in local security ventures; the China Securities Regulatory Commission (CSRC) is looking to grant ...
Chinese P2P Lenders Face IPO Challenges
The biggest investment banks including Goldman Sachs and Citi have stopped taking Chinese p2p lenders public as a result of the current p2p lending ...
Nutmeg Raises Round from Goldman Sachs and Plans International Launch
UK based digital wealth manager Nutmeg has raised $59mn from a group of investors including Goldman Sachs and Hong Kong based Convoy; the new ...
Alipay Granted eMoney License in Luxembourg
Alibaba’s Alipay was granted an eMoney license in Luxembourg to allow the company to serve customers across Europe; the eMoney license provides Alipay the ...
Chinese Startups Receive More Funding than U.S. Startups
According to data compiled by Preqin/INSEAD Chinese startups brought in more than $56bn in the first half of 2018, while their U.S. counterparts saw ...