Tags China

Tag: China

Report: China Bankers Concerned Facebook’s Libra Could Fuel Currency Competition and...

Influential bankers convening at an academic conference at Peking University’s Institute of Digital Finance this week have expressed serious concerns about Libra, Facebook’s forthcoming cryptocurrency payments network. Read more: crowdfundinsider

China eyes $16bn boost for tech sector with Nasdaq-style board

China eyes $16bn boost for tech sector with Nasdaq-style board. Read more: financialtimes

China’s race to 5G hampered by Huawei ban

China’s race to 5G hampered by Huawei ban. Read more: financialtimes

ING and Bank of Beijing to Pump $448M into Digital Banking...

ING and Bank of Beijing are collaborating on plans to set up a joint venture digital bank in China. Read more: finextra.com

In Brief: Chinese Digital Lender Nets Series C Funding, Brings Valuation...

Lufax, a Chinese online wealth management and retail-lending technology platform, has completed a US$1.3 billion series C fundraise, bringing its estimated valuation to US$39.4 billion. Read more: techinasia.com

Hillhouse, Temasek may lose big as Chinese proptech startup collapses

Blue-chip investors Hillhouse Capital, Temasek Holdings, and Shunwei Capital may lose hundreds of millions of dollars as a Chinese proptech startup appears to have gone into liquidation. Read more: www.techinasia.com

Europe’s army of fintech start-ups

Plenty of discussions and arguments have been devoted to analysing why Europe can’t compete with the US and China in creating tech giants. Read more: www.bankingtech.com

Crypto Markets see double-digit crash

Cryptocurrencies are today seeing a blood-red market rout, with virtually all of the top 20 coins posting losses of between 7 and 17 percent. Read more cointelegraph.com

Didi does in-app financial services across China

Chinese mobile-based transportation platform Didi Chuxing has pressed the accelerator on its fintech ambitions with a financial services module in its app. Read more: www.bankingtech.com

Mobile payments make cash obsolete in China

With mobile payments in China booming, cash is going away — despite efforts by the Central Bank to go after merchants who won’t accept cash. Read more: www.pymnts.com