Archive
Ant Financial Worth US$75B, Considers IPO in HK Next Year, All Facts you Have to Know about Alipay
Ant Financial, Alipay’s parent company and Alibaba’s financial-services affiliate, is said to be worth US$75 billion, according to Elinor Leung, the head of telecom and Internet research at CLSA in Hong Kong. According to a Bloomberg report, Leung estimates that
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How Pokemon GO Influenced The Stock Market And Economy
Since its release, Pokemon Go has been breaking records in both the Apple and Android app stores. Apart from being one of the most popular mobile games ever, what impact has Pickachu and his pals had on businesses? In this
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Unqualified P2P Chinese Platforms Under New Policy
The China Banking Regulatory Commission (CBRC) on 24th August officially released “Interim Measures for Administration of Peer-to-Peer Lending Information Intermediaries” (hereafter referred to as “Measures”). An information intermediary rather than a financial institution defines a P2P lending institution or platform.
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Chaos Among Chinese School Students Taking Out Unregulated Loans
While China’s Banking Regulatory Commission (CBRC) doesn’t allow banks to issue credit cards to college students below 18, they tend to find alternative methods of paying their studying loans, like “naked” loans through P2P lending platforms. There have even been
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Vietnam Banks Dominate ASEAN Top 100 – But The Future’s in Your Pocket
Vietnamese lenders make up a fifth of the top 100 ASEAN banks in 2016 says The Banker, a leading financial industry publication. It is an interesting situation. Vietnam’s banks actually have 19 representatives on the top 100 list this year,
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The Future of Finance: A World Without Banks
A world without banks is coming closer. A new report by the Massachusetts Institute of Technology (MIT) investigates how legacy banks will unquestionably come to an end and the possibility of the future ‘invisible banking’. Existing banks seem fail to
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Crossbridge Capital to Launch Online Investment Platform for High Net Worth Investors in Singapore
Leading independent wealth management firm collaborates with Pershing and Bambu to bring bespoke digital investment solution to affluent investors. Crossbridge Capital, an independent wealth management firm which provides investment solutions for ultra-high net worth families, today announced plans to launch
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Robo-Advisors Poised to Take Off in Singapore and Hong Kong
Automated investing services, also known as robo-advisors, are growing rapidly as they seek to provide customers with low-cost portfolios designed accordingly to each investor’s risk tolerance. According to Cerulli Associates, a financial services research firm, assets under management of robo-advisors
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Blockchain For Contract Management Between IBM and Bank of Tokyo-Mitsubishi
IBM announced it has signed a contract with the Bank of Tokyo-Mitsubishi UFJ (BTMU) to examine the design, management and execution of contracts among business partners using blockchain technologies. The two companies will begin by piloting blockchain to automate business
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Online Gambling With Bitcoin: Is It Legal?
Online gambling is growing rapidly as the amount of wagers worldwide is expected to surge jumping from US$550 billion in 2016 to nearly US$950 billion by 2021, according to a report from Juniper Research. The industry’s growth comes with an
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