Hong Kong

World Bank’s IFC To Invest US$25M In CompareAsiaGroup

CompareAsiaGroup, a financial comparison service in Southeast Asia, is about to raise US$25 million from the World Bank Group’s private equity arm, the International Finance Corporation (IFC). The IFC said in the filing that the proposed investment in CompareAsiaGroup “aligns

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Hong Kong To Host Fintech Week 2016

Hong Kong is the number one business city in Asia. It is the perfect base for companies that want to do business in Mainland China and across the region. Hong Kong will host its first Fintech Week in early November

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What is Digital Transformation and Why is it a Disruption?

There are many talks about “Digital Transformation” recently, but what does it really mean, and why is it called a disruption? Depending on how you perceive it, this term may be just a fad to you, or it may mean the

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Preparing for 2020: Hong Kong Financial Services’ Top 5 Priority Responses

The pace of global change in financial services continues to accelerate as market incumbents, emerging FinTech startups and newcomers of every kind try to offer more sophisticated yet convenient means of moving money. Nowhere is this trend more apparent than

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7 Fintech Events in Hong Kong To Attend

Hong Kong is making a move to challenge Singapore and others as the dominant location for fintech in Asia. Hong Kong in specific led the growth of the blockchain market in northeast Asia, with its friendly regulatory frameworks and policies

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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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WeLab Secures US$25 Million Credit Facility To Fuel Hong Kong Growth

WeLab, one of the fastest growing fintech companies in Greater China, has announced it has secured a credit facility of US$25 million from ING Bank. WeLab is the operator of Wolaidai (我来贷), one of China’s largest mobile lending platforms, and

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First 5 Licensed Players in Hong Kong Digital Payment Landscape

Hong Kong had granted Stored Value Facilities (SVF) Licenses to the first 5 batch of digital payment payment providers last month according to Startup Beat. This is in response to Payment Systems and Stored Value Facilities Ordinance which came into

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Hong Kong’s Top 11 Fintech Influencers

With financial services accounting for 16% of its GDP and employing 236,000 people, or 6% of total employment in Hong Kong, it comes with little surprise that the region has made fintech one of its top priorities. Hong Kong, one

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8 Fintech Startups Enter The FinTech Innovation Lab Asia-Pacific

The startups will undergo a 12-week mentorship programme led by senior financial executives in a series of workshops at the Hong Kong-based tech business park Cyberport to commercialise their products. 8 leading financial technology (fintech) companies today begin a 12-week mentorship

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