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
Post Tagged with: "Baidu"
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
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