Tags China

Tag: China

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

The CareVoice launches China’s first product dedicated to startup health benefits,...

The CareVoice has launched the first dedicated health benefit and insurance product for startups in China. Read more: member.fintech.global

China’s Dongguan launches CNY1.5bn fund of funds to boost FinTech

The Chinese city of Dongguan has launched a CNY1.5bn ($217m) fund of funds vehicle looking to boost investment in the region across areas including fintech, Read more: member.fintech.global

Vipps, Alipay to streamline mobile payments for Chinese tourists

Norway-based mobile payment app Vipps has announced a partnership with Alipay to integrate mobile payments via Alipay for Chinese tourists Read more: www.thepaypers.com