Credit-Scoring Tool Wecash Gains 5 Million Users in 12 Weeks
When services scale in China, they go big. Beijing-based credit-scoring platform Wecash recently counted more than 35 million users. Not too ...
Tag: China
Ant Financial Raises $3.1 Billion on $50 Billion+ Valuation
The name might indicate something small, but Ant Financial is anything but. The spinoff of Alibaba is valued at over $50 ...
The Minefield Hidden in Baidu’s Soon-to-Launch Online Bank
SEOUL -- Should traditional bankers pay heed to the soon-to-launch direct bank by Baidu, the Chinese Google, and its bank partner, CITIC Bank ...
Swatch Jumps Into Wearables Payments [DEMO]
The new Swatch Bellamy Swatch, the world's largest watchmaker by marketshare, introduced -- in China, mind you -- a payments-focused ...
China Rapid Finance ‘Owns’ Consumer P2P Lending in China
China's recent financial instability has provided a boon for the safe returns offered investors by P2P lending. And China Rapid Finance is a beneficiary. ...
Fintech Startups Face a Difficult Fall Funding Season
We may be headed for the biggest fall season in venture funding history. Then again, given the excitement on the stock market ...
Circle Misses the Mark on China
Antiquated, hand-stamped bank receipts still abound in China. In announcing that it had raised $50 million of venture funding, Circle ...
China Frenzy Over Apple Pay Just Negotiation ‘Optics,’ Source Says
China's reported push back today against Apple's entry into the Mainland's payments space is nothing more than "optics" for negotiation ...
Apple Adds China’s UnionPay to App Store Payments
UnionPay cardholders -- everyone with a payment card in China -- can now use their cards to make payments in ...
Alipay Pitches PayPal on JV
When China's largest payments processor makes partnership overtures, they deserve notice. That's what happened today, when Alipay, which has about ...
