Chinese Investment in U.S. Startups Remains Healthy
Last August U.S. lawmakers passed the National Defense Authorization Act which was designed in part to stem Chinese acquisitions of strategic technology by requiring more ...
Lufax Raises Series C Round at $39.4 Billion Valuation
The $1.3 billion round was led by private equity firm Primavera Capital and reportedly included Qatar Investment Authority, All-Stars Investment, JP Morgan, Macquarie Group and ...
Dianrong Cuts Employees and Retail Locations
The Chinese p2p lender has laid off as many as 2,000 employees and is shutting down 60 of 90 brick and mortar locations; according to ...
Chinese Online Lender Dianrong Cutting 2,000 Jobs
The recent challenges with the online lending industry in China have been well documented; the latest company to struggle is Shanghai-based Dianrong, founded by former ...
OneConnect Planning for $8 Billion IPO
PingAn, the insurance giant is preparing for their OneConnect unit to go public; the company is a financial management portal and is estimated to fetch ...
Hong Kong Opens Banking Market to Tech Giants
Hong Kong authorities are planning to issue digital banking licenses to Tencent, Ant Financial and Xiaomi; Goldman Sachs estimates there is more than $15bn ...
Announcements & Releases for February 22, 2019
Ping An pushes into Indonesia’s fintech space In strategic shift, TIAA to close dozens of mortgage offices Orca ...
China’s P2P Lending Industry Continues to Struggle
It is estimated that half of China’s peer to peer lending platforms closed down in 2018; by the end of 2019 70% of the remaining ...
Announcements & Releases for February 21, 2019
Green Dot Eyes Banking-As-A-Service, Gen Z To Build On Q4 Growth $650 billion asset manager Franklin Templeton is embedding data ...
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 ...