Tag "Tencent"

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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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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China, A Frontrunner In The Fintech Race

China’s open and supportive regulatory environment, highly developed Internet and e-commerce sector, and growing demand for alternative finance solutions, have allowed the country’s fintech industry to flourish in the last few years. Today, China stands as a frontrunner in Internet finance. By the

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Chinese Internet Giants Alibaba, Baidu, Tencent, Lead Fintech Revolution

Disruptive innovation in banking and payments is overwhelmingly coming from China. Established global banks had better watch out or they may soon not have a future, according to Haydn Shaughnessy, co-founder of The Disruption House and author of Platform Disruptive

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