Posts Tagged ‘China’

Ant Financial joins $120m Series D round of Chinese fintech Snowball Finance

Chinese fintech startup Snowball Finance — a social investment platform that allows Chinese investors to conduct discussions and interactions related to financial products such as stocks, bonds, funds, insurance and others across the US, Hong Kong and Chinese markets — has announced a $120 million Series D financing with Alibaba’s Ant Financial joining the round as […]

HKMA and seven banks to jointly launch blockchain-based trade finance platform in September

The Hong Kong Monetary Authority and seven local lenders will launch a trade finance platform using blockchain technology in September, reflecting efforts by the city to bolster fintech development and close the gap with regional rival Singapore. Lenders taking part in the project include HSBC and Standard Chartered Bank, Bank of East Asia, Australia and New […]

Chinese Luckin Coffee Raises $200M Series A Round From GIC At Unicorn Valuation

Beijing-based on-demand coffee delivery service start-up Luckin Coffee has completed US$200 million series A round of financing from Singapore’s sovereign wealth fund GIC, China’s Legend Capital, Joy Capital, and Centurium Capital. This fundraising round values Luckin Coffee at US$1 billion, reaching a unicorn valuation. According to International Coffee Organization’s report, China’s coffee consumption in 2015 […]

Latest fundraising brings fintech brokerage a valuation of US$1.06 billion

Tiger Brokers, an online securities brokerage backed by Wall Street billionaire investor Jim Rogers, said its latest fundraising round had valued it in excess of US$1 billion, making it the latest start-up to join China’s booming club of unicorns. The company successfully closed a US$80 million Series C financing, bringing the company’s valuation to US$1.06 […]

10th FinTech Future Convention 2018 Will Commence in Shanghai this October

10th FinTech Future Convention 2018 (IFPI2018) will commence on October 15th-16thin Shanghai, China, with the theme of “Access Opportunities in the World’s Preeminent FinTech Market”, organized by CDMC Finance Research Institute and CDMC Group. The event will attract 1500+ high level participants and 100+ top speakers. IFPI2018 will address the hottest topics affecting the FinTech […]

BGTA and Chengdu Financial Holding Group sign deals to establish fintech summit and training centre in Chengdu

BGTA, a Chinese corporate-backed accelerator, and the Chengdu Financial Holding Group (CFHG) signed two agreements to strengthen cooperation. The first deal secures the organisation of the 2018 Chengdu Global Fintech Summit in November. Industry leaders, investors and experts from the global fintech community are expected to attend. Registration to attend the summit will open soon […]

More Chinese unicorns prefer to raise capital in Hong Kong than any other market, survey shows

Four out of every 10 so-called unicorns identified Hong Kong as the preferred market for an IPO, according to a PricewaterhouseCooper survey of 101 of these companies, each with at least US$1 billion in valuation. US stock markets come in second at 25 per cent, followed by China’s yuan-denominated A-share market in third place with 23 […]

2018 World Digital Asset Investment Summit Held In Beijing

The 2018 world digital asset investment summit, hosted by the Global Digital Economy Hub, was held in Beijing recently. Themed Fintech, blockchain support sustainable development, the summit gathered blockchain experts and investors at home and abroad. At the summit, the Global Digital Economy Hub launched the Beijing Digital Economy Hub and Blockchain Incubator, International University […]

China is winning the global tech race

Cast your eyes down the list of the world’s most valuable private technology companies and you might be put in mind of the 2008 Beijing Olympics. That’s when China ran away with most of the gold medals — even though the west focused on the accomplishments of the US swimmer Michael Phelps. The same trend […]

Meet the 50 top-funded startups and tech companies in China

Which company in China is most likely to challenge the West? One way to judge – although imperfect – would be the amount of money they have raised. Using its data, Tech in Asia has generated a constantly updated list of 50 startups and tech companies in China who have raised the most money from investors […]