Payments is a great business to be in — in China, that is. The Chinese e-commerce giant JD.com announced it is considering the sale of its internet finance unit, JD Finance, “in order to facilitate its development in certain licensed financial service businesses in China, and to take advantage of theRead More
Post Tagged with: "China Rapid Finance"
China’s recent financial instability has provided a boon for the safe returns offered investors by P2P lending. And China Rapid Finance is a beneficiary. The renminbi was weakened in early August, and the Shanghai stock market dove nearly 10% later this month. But P2P lending is going strong, returns are steady, and defaults are low,Read More
India is so hot in fintech funding right now. Two Indian, two Chinese, and one American company make up this week’s list. Online retail and short-term financing were the top venture draws. Flipkart, $700 Million – Flipkart is an online store for the Indian market that offers over 20 million products acrossRead More