Tag: China

Blockchain post-trade startup Juzhen Financials has raised $23m in a Series A round of funding. The investment was led by Wanxiang Holdings.

Indonesian micro-lending firm UangTeman has raised an undisclosed pre-series A round in equity funding.

Credit card management app U51.com is the latest Chinese FinTech startups to land a $1bn-plus valuation as the company announces its $310m Series C round.

Peer-to-peer lender FirstP2P has raised $70m in its Series C round of funding from CCB International and San Shan Capital Partners.

There’s a new blockchain consortium in town with the announcement of the Shanghai Industrial Development Blockchain Alliance.

The Chinese authorities are cracking down on suspicious peer-to-peer (P2P) lending platforms with raids on the offices of two businesses connected with Shanghai Kuailu Investment Group.

Alibaba’s FinTech subsidiary Ant Financial is boosting its biometric capabilities through the acquisition of Kansas City-based EyeVerify.

Two of China’s biggest mobile payments players AliPay and WeChat, have won approval to operate digital wallets in Hong Kong. It’s seen as a major step towards international expansion.

Momfo, a Shanghai-based property financing platform has raised ¥95m ($14m) in a Series A round of funding led by Gobi Partners and Kaitai Capital.

Chinese authorities are cracking down on the nation’s booming peer-to-peer lending space with new regulations.