Announcements & Releases for October 11, 2019
Headlines Claiming Institutional Interest in Crypto Down Significantly Digital currencies: the rise of stablecoins Fidelity ...
PayPal Enters Fintech in China with New Investment
PayPal will be the first foreign payment platform to process payments made in China after acquiring 70% of GoPay or Guofubao Information Technology Co.; ...
Alibaba Purchases a Third of Ant Financial
Alibaba is a leader in e-commerce and has now acquired 33% of newly issued equity in Ant, the online financial services firm; Ant Financial ...
What China Could Gain From a Digital Yuan
Quartz looks at the potential implications of China launching their own digital currency which is rumored to be happening as soon as November; it will ...
Tencent and Alibaba Not Cooperating With Beijing on Credit Data
The FT is reporting on the challenges of establishing a national credit bureau in China; the People’s Bank of China (PBoC) launched Baihang, the national ...
Announcements & Releases for September 13, 2019
OnDeck Survey: Economy is Top Concern for Small Businesses Ahead of 2020 Election Goldman taps Amazon executive as ...
The Mess That is the Chinese P2P Lending Industry
In the New York Times, Reuters is reporting on the sorry state of peer to peer lending in China today; the country has gone from ...
China to Include P2P Lending in Credit Reference System
The beleaguered peer to peer lending industry in China is going to be further scrutinized in the future; China’s central bank will soon be including ...
China’s Fintech Plan Shows Central Bank Aims to Control the Market
Late last month the Chinese government produced a 3 year fintech development plan which many believe is designed for the central bank to increase ...
China’s P2P Crackdown Continues as Billionaire gets Arrested
China’s financial regulators have been clamping down on p2p lending for the last couple of years and the latest target to be arrested was ...