Tag "Alibaba"

PH Fintech Firm Voyager Gets $175m Investment From KKR, Tencent

Global investment firm KKR, and China-based internet services provider Tencent Holdings Ltd separately acquired a substantial minority stake worth $175 million in Philippine-based fintech company Voyager Innovations, marking the largest investment to date in a Philippine technology company. The latest

Read More

Vietnam: Rise of E-Commerce Paving the Way for Digital, Mobile Payments Boom

Although Vietnam remains a cash-dominant economy, evidences suggest that digital and mobile payments are rapidly growing. According to Harmander Mahal, head of retail banking at Standard Chartered Bank Vietnam, the rise of e-commerce in Vietnam is paving the way for

Read More

Top 5 Fintech Philippines News of the Week (CW 7)

Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week: Follow the Fintech Philippines Facebook or Twitter channel to stay updated. Here we go:   UnionBank embraces tech behind bitcoin in digital pivot If a

Read More

Top 5 Fintech Philippines News of the Week (CW 5)

Fintechnews.PH picks every Friday for you the top 5 Fintech Philippines News of the week: Here we go:   FinTech firms need to build more partnerships to grow Creating more partnerships and going digital is one of the better business

Read More

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

Read More

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.

Read More

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

Read More

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

Read More