Post Tagged with: "Baidu"

Blockchain, Bitcoin Venture Funding Set to Drop for First Time

Blockchain, Bitcoin Venture Funding Set to Drop for First Time

by October 20, 2016 at 10:50 am 2 comments

Financing for blockchain and bitcoin startups slid 16% in the first nine months of 2016 to $429 million, putting the sector on pace for its first annual drop since 2012, CB Insights reported. Deal activity fell 7% to 92 equity financings. CB Insights first began reporting on blockchain and bitcoinRead More

Is Fintech in China Red Hot or Cooling?

Is Fintech in China Red Hot or Cooling?

by July 29, 2016 at 11:31 am 0 comments

It would seem that numbers are making Shanghai the new world capital of fintech. One number is 1.3 billion, which is the population of China. Another number is $2.4 billion, which is the amount of funding that poured into China’s fintech sector in the first quarter. But a closer look reveals some cracks in the facade.Read More

The Minefield Hidden in Baidu’s Soon-to-Launch Online Bank

The Minefield Hidden in Baidu’s Soon-to-Launch Online Bank

by November 18, 2015 at 11:19 am 0 comments

SEOUL — Should traditional bankers pay heed to the soon-to-launch direct bank by Baidu, the Chinese Google, and its bank partner, CITIC Bank Corp.? Yes, in the same way that seven-year-olds find cheese melting on toast fascinating. Certainly, Baidu has the right partner in CITIC, which has around $32 billion of assets, for itsRead More