WeLab Scores $156mn Series C Round
Hong Kong based digital bank WeLab secured $156mn in fresh capital from new investors, as well as five existing investors including Alibaba Hong ...
CEO of Lufax Discusses Fintech in China
Speaking at the Committee of 100 Greater China Conference and Gala 2019, Greg Gibb shared that the fintech landscape is restructuring dramatically; this ...
Hong Kong’s New Digital Banks Face Crowded and Chaotic Market
When the eight new virtual banks were approved by the Hong Kong Monetary Authority no one had any idea what was about to ...
Ant Financial’s Microlending Business is Booming
Ant Financial’s microlending arm, Huabei, has helped a generation of Chinese consumers purchase goods and services through loans as small as $7; Huabei ...
The Five Debates That Will Shape Fintech in the Coming Decade
In Ron Shevlin’s regular Forbes column he takes a look at the big issues that will shape fintech in the 2020s; branch banking ...
Ant Financial Planning to Raise a $1 Billion Startup Fund
The Chinese fintech behemoth, Ant Financial, is planning to raise $1 billion for a fund that will invest in startups in Southeast Asia ...
The FT Looks Into China’s Digital Currency Plan
While the project has been shrouded in secrecy we do know that China’s central bank has spent the last five years researching digital ...
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 ...