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Fintech

China Cracks Down On Malicious Lending And Web Crawlers, Temasek-Backed Tongdun Tech Implicated

The Chinese government is cracking down on malicious online lending and web srawlers who illegally collect user data. The data…

Alibaba’s EWTP Fund Leads $15M Series B1 Round In Chinese Cross-border Fintech Start-up

XTransfer, a Chinese cross-border financial technology company dedicated to serving foreign trade business-to-business (B2B) enterprises, has raised US$15 million in…

Asia-Focused PE Firm PAG To Buy $300M Convertible Notes From China’s LexinFintech

LexinFintech, a fintech platform for educated young adults in China, announced on Wednesday that it has entered into an agreement…

Tencent Leads $28M Series B Round In Chinese Wealth Management Start-up Xiaobangguihua

Xiaobangguihua, a Beijing-based wealth management consulting service provider, has raised RMB200 million (US$28.4 million) in a series B round of…

Chinese Fintech Solution Provider Fudata.cn Raises Nearly $14M In Series Pre-B Round

Chinese fintech solution provider Fudata.cn has raised nearly RMB100 million (US$14.25 million) in a series pre-B round of financing, the…

Hong Kong-Based Personal Finance Platform CompareAsiaGroup Raises $20M

British information services provider Experian announced on Tuesday that it is leading a US$20 million investment for the first close…

Chinese Online Insurer ZhongAn’s Fintech Unit Nets $285M Fresh Funds

ZhongAn Technology, a fintech firm backed by Chinese online-only insurance firm ZhongAn Online, unveiled on Thursday that it has closed…

Chinese Investors Back Mobile Payment Start-Up OPay In $50M Fresh Round

Opera, a Norway-based web browsers and mobile apps provider acquired by a consortium of Chinese investors in 2016, has raised…

Tencent Backs India’s NiYO In $35M Series B Round Eyeing Blue-Collared Customers

Indian digital banking start-up NiYO Solutions announced on Tuesday that it has closed US$35 million in a series B round…

Chinese Insurtech Start-Up Leapstack Gets $14M Amid Tightening Govt Supervision

Leapstack, a Chinese insurtech start-up focusing on the healthcare industry, announced on Monday that it has raised nearly RMB100 million…

Global Retail Banking Executives See Upcoming Industry Evolution Driven By AI

Retail banking executives worldwide are strategically positioning for an upcoming evolution of intelligent digital banking, in which new technologies like…

Xiaomi-Backed Chinese Fintech Start-Up Fumi Technology Gets $36M Fresh Funds

Fumi Technology, a fintech start-up incubated by Chinese mobile phone behemoth Xiaomi, announced last Friday that it has raised RMB250…

Chinese Online P2P Lender Dianrong Gets Fresh Funds To Weather Regulatory Pressure

Dianrong, one of the Chinese largest peer-to-peer (P2P) lenders, announced on Thursday that it has completed a new funding round…

Chinese Internet Giant Tencent To Lead $40M Round In London-Based Fintech Start-Up

Tencent, the social media and gaming powerhouse behind the Chinese largest online social network, is set to pour tens of…

Chinese Big Data-Enabled Fintech Start-Up WISECO Technology Gets $94M Fresh Funds

Chinese big data-powered fintech start-up WISECO Technology announced last week that it has secured RMB650 million (US$94.08 million) in a…

Global Investment Powerhouse Hillhouse Backs US Fintech Start-Up In Its $60M New Round

Global investment powerhouse Hillhouse Capital has purchased a minority stake in Trumid, a New York-based fintech start-up and electronic trading…

Hong Kong’s Insurtech Start-Up OneDegree Extends Series A Round To $30M

Hong Kong-based insurance technology start-up OneDegree announced on Thursday that it has extended its series A round to US$30 million,…

GGV Capital Leads $10M Series A Round In Singaporean Cross-Border Payment Start-up

GGV Capital, a venture capital firm that mainly invests in China and the U.S., has led a US$10 million series…

Chinese Risk Control-Focused Fintech Start-Up Tongdun Technology Nets $100M Fresh Funds

Tongdun Technology, a Chinese fintech start-up specializing in risk control services, announced on Thursday that it has raised over US$100…

Tencent Joins Goldman Sachs To Back Argentine Mobile Banking Start-Up Uala

Chinese tech giant Tencent has invested in Argentine mobile banking service provider Uala, following previous investments by Goldman Sachs, and…

Chinese Wealth Management Platform Jinfuzi Raises $26M Series Pre-D Round

Chinese online wealth management platform Jinfuzi has raised RMB172 million (US$25.61 million) in a series pre-D round of financing led…

Chinese Online Trust Service Firm Zhongshunyi Financial Gets $44M Fresh Funds

Chinese internet trust service firm Zhongshunyi Financial has raised nearly RMB300 million (US$44.67 million) in a series A+ round of…

HK Trade Finance Platform Qupital Expects Fiercer Market Competition In Three Years

Hong Kong-based online trade finance platform Qupital believes that companies in this field should get their companies combat-ready before a…

Hong Kong-Based Fintech Start-Up Qupital Raises $15M To Expand Into Mainland China

Qupital, a Hong Kong-based trade finance platform for small and medium-sized enterprises (SMEs), has raised US$15 million in a series…

Alibaba Leads Series A Round In Chinese Electronic Invoice Service Provider Baiwang

Chinese e-commerce giant Alibaba has led a series A round of financing in the country's electronic invoice service provider Baiwang…

Cross-Border Fintech Firm Airwallex Enters Unicorn Club After $100M Series C Round

Hong Kong-based fintech company Airwallex announced on Tuesday that it has closed a US$100 million series C round of financing…

Wealth Management Solutions Provider MX Federation Raises Series C1 Round

MX Federation, a New York and Beijing-based wealth management solutions provider, today announced that it has raised tens of millions…

Tencent-Backed Online Broker Futu Targets US Expansion After NASDAQ IPO

Chinese online broker Futu Holdings Limited is well-positioned to enter the American market and compete against industry leaders like Robinhood…

Chinese Big Data Services Provider Dtwave Completes $15M Series A+ Round

Dtwave, a Chinese start-up providing big data services to enterprises, announced on Monday that it has raised a RMB100 million…

Chinese Fintech Start-Up Shuhe Technology Completes $30M Series B Round

Shuhe Technology, a Chinese financial technology start-up, has raised a US$30 million series B financing round led by Chinese internet…

China’s Online P2P Lending Industry Is Undergoing A Massive Shake Out

This article by Nicole Jao originally appeared on TechNode, the leading English authority on technology in China. China’s peer-to-peer (P2P) lending…