Tag "Fenqile"
Chinese POS Lending Startup Plans Fintech IPO
Fenqile is planning a U.S. initial public offering that could raise about $600 million. The Shenzhen-based startup, founded by former Tencent executive Xiao Wenjie, could list as soon as this year. Fenqile, which means “Happy Installment Payments” in Chinese, targets
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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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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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