Posts Tagged ‘China’

Meet the 100 top-funded fintech companies in China

The entire financial system could be due for an overhaul, and China is right at the forefront. Which company in the country is most likely to challenge the status quo? An imperfect way to judge would be the amount of money they have raised. Using its data, Tech in Asia has generated a constantly updated […]

Bank of China CIO Says Bank to Increase Investments in Blockchain, Fintech

The commercial, state-run Bank of China, not to be confused with the People’s Bank of China, announced its plans to increase the company’s investments in research and development technologies such as blockchain, the Internet of Things, and fintech. Investment in the technologies will reportedly be more than 1 percent of the bank’s operating annual income, which […]

Survey finds fintech sector ready to deal with talent crunch

China is facing an acute shortage of professional fintech talent, a survey by recruitment company Michael Page China found. The survey found that recruitment of fintech talent was found to be a challenging experience, with 85 percent of employers expressing difficulties. As cited by 45 percent of respondents, the biggest hurdle for them remains the shortage […]

Breakthrough Fintech Conference on Artificial Intelligence and Commerce Launches in Shanghai

The CardLinx Association announced that The CardLinx Asia Forum will be held in China for the first time on September 5th at the Grand Hyatt Shanghai. This executive-level event will focus on artificial intelligence and commerce in the development of payments, retail tech and travel tech in Asia. When: September 5, 2018 Where: Shanghai, China Read more […]

Jack Ma’s fintech startup shakes up China’s banks

Ant Financial Services Group, founded by Chinese billionaire Jack Ma, has become the world’s biggest financial-technology firm, driving innovations that let people use their phones for buying insurance as easily as groceries, enabling millions to go weeks at a time without using physical cash. That success is also putting a target on the company’s back. China, […]

How big is China’s tech industry? Here are the latest stats

China’s tech industry is catching up with Silicon Valley in terms of sheer scale – and in terms of the tech available to ordinary people, it’s already way ahead in many areas. Tech in Asia has published the latest stats to give you a sense of what’s going on right now. View infographics

China’s fintech companies offer ‘enormous’ opportunity, investment manager says

According to Glenn Youngkin, co-CEO at Carlyle Group, the fintech sector in China today offers an enormous growth opportunity. China’s economy grew at a pace of 6.7 percent in the second quarter of the year — slightly below the 6.8 percent seen in the first three months of 2018, according to data published by Chinese […]

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 […]