Post Tagged with: "Tencent"

JD.com Considers Spinning Off Risk-Scoring and Lending Unit

JD.com Considers Spinning Off Risk-Scoring and Lending Unit

by November 16, 2016 at 1:41 pm 1 comment

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

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

China Rapid Finance ‘Owns’ Consumer P2P Lending in China

China Rapid Finance ‘Owns’ Consumer P2P Lending in China

by August 31, 2015 at 12:38 pm 2 comments

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