Posts Tagged ‘China’

Hong Kong remains vigilant against risks of virtual assets even as fintech investments more than double, financial minister says

Investment in Hong Kong’s fintech industry more than doubled last year to US$550 million, far surpassing Singapore, according to Hong Kong financial secretary Paul Chan Mo-po. The Greater Bay Area will inject new momentum and provide a bigger market for Hong Kong’s fintech development, while the opening of the high-speed rail link and the Hong Kong-Zhuhai-Macau […]

The World’s Most Valuable Startup Is a Company You’ve Probably Never Heard of

In a fourth-quarter upset, China’s Bytedance has overtaken Uber as the world’s most valuable startup. After closing a $3 billion funding round led by Japan’s SoftBank group, Bytedance has reached a reported $75 billion valuation. Its closest competition, Uber Technologies, falls $3 billion short of that benchmark, according to CB Insights, a tech market intelligence platform. […]

FinovateAsia returning to Hong Kong on October 29-30

Fintech industry conference Finovate is returning to Hong Kong later this month for the third annual FinovateAsia. The two day event will kick off Hong Kong Fintech Week 2018. The two-day FinovateAsia event will be held on October 29-30 at the Hong Kong Convention Centre. Representatives from the financial services industry, analyst firms and the […]

Is China about to launch its own cryptocurrency?

One of the most powerful centralized institutions in the world, People’s Bank of China (PBOC) — China’s central bank — could be adopting Bitcoin’s underlying technology, blockchain, to digitalize the renminbi (RMB). This is not just a theory. In recent months, it has repeatedly been reported that PBOC is researching and developing its own digital currency. […]

China’s Investors Aren’t Afraid To Bet Big And Early

Venture investments in Asia have baffled the tech world over the past year. Investors and corporations have funneled seemingly limitless amounts of capital into quickly growing private companies. Mainland China once again dominated the investment landscape in the Asia-Pacific region in Q3 2018. There is no big secret as to why China dominates in venture […]

Announcing the Launch of the iFX EXPO ASIA 2019

iFX EXPO Asia 2019 will be returning to Hong Kong from January 22 to 24 and take place at the HKCEC (Hong Kong Convention & Exhibition Center). iFX EXPO Asia 2019, produced by CONVERSION PROS and Finance Magnates is focused on the fintech industry with the aim of connecting leading technology, blockchain and liquidity providers […]

Tencent Buys Stake in Brazilian Fintech Startup

Chinese internet giant Tencent Holdings Ltd. acquired a stake in Brazilian fintech company Nubank in a deal valued at $180 million, expanding Tencent’s emerging markets investment spree to South America. Tencent’s investment increased Nubank’s valuation to $4 billion, making it one of the most highly valued privately held startups in South America. Nubank has more than 5 […]

Invest Hong Kong Annual Hong Kong Fintech Week to be World’s First Cross Border Fintech Event

Invest Hong Kong has shared details of its 3rd annual Hong Kong Fintech Week. For 2018, HK Fintech Week will straddle Hong Kong and Shenzhen to be the world’s first cross-border Fintech event. The event will highlight the hottest industry developments along with the potential of the Guangdong-Hong Kong-Macao Greater Bay Area. Topics high on […]

Jack Ma to retire from Alibaba, but he’ll still wield significant influence

Alibaba’s co-founder and executive chairman Jack Ma will be stepping down from the ecommerce giant. Daniel Zhang, Alibaba’s CEO, will succeed Ma as chairman of the board and continue performing his current role. Ma will remain executive chairman for the next 12 months to oversee the leadership transition. He will remain on the board until […]

China to block more than 120 offshore cryptocurrency exchanges as crackdown escalates

Authorities will block access in China to 124 websites operated by offshore cryptocurrency exchanges that provide trading services to citizens on the mainland.  Authorities will also continue to monitor and shut down domestic websites related to cryptocurrency trades and ICOs, and ban payment services from accepting cryptocurrencies, including bitcoin. Since the government crackdown began last September, a […]