Tag "Alibaba"

Singapore Prefers Local When It Comes To Online Shopping – But Could Amazon’s Entry Change That?

The love of Singaporeans for shopping is no secret – but they are used to navigating vast malls and handpicking their favourite brands. E-commerce has really taken off in the last few years, as you can tell by the recent

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Latest Fintech IPOs And The Most Anticipated Stock Listing Of 2017

An initial public offering (IPO) is the first sale of stock by a company to the public. For startups, it is a crucial moment and a sign of success. An IPO raises needed capital to help a company to grow.

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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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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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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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27 Most Valued World Fintech Unicorns, 8 From China

Business Insider Singapore, CBInsights, Funderbeam, and Crunchbase together have created the world’s fintech unicorns – fintech start-ups valued at over $1 billion.   Fintech Unicorns Worth $1 billion 27. Rong360, Chinese Financial Comparison Site Value: $1 billion | Raised: $258 million Founded: 2011 |  |

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Leader in Global Fintech Investments: China

Asia-Pacific nearly doubles 2015 fintech financing in first half of 2016 reaching almost $10 billion; growth driven by China Investments in Asia-Pacific financial technology (fintech) ventures, primarily in China, reached $9.62 billion as of July 31, more than twice the

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Alibaba’s Ant Financial Announces VR-Based Payments Service

Ant Financial Services Group, Alibaba’s financial service affiliate that runs Alipay, has unveiled a new virtual reality (VR)-based payments service which the group plans to launch in September, according to a report by Yicai Global. In March, Alibaba established its

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