Briefing: Fintech startup Airwallex now a unicorn with $100 million Series C

金融科技公司Airwallex完成1亿美元C轮融资,DST Global领投 – 动点科技  What happened: Hong Kong-headquartered fintech startup Airwallex has…


Guangdong's largest online lender Hongling Capital to close down its operation

Zhou Shiping, CEO of Hongling Capital, announced the company will be shutting down its online lending operation (Image…


Briefing: Tencent said to launch UPI-based WeChat Pay

WeChat Pay to reportedly take on Google Pay and Paytm in India later this year – The Next Web What happened: Tencent is…


Briefing: Bitmain reportedly planning to deploy 200,000 units of its own mining equipment

Bitmain Set to Deploy $80 Million Worth of Bitcoin Miners, Sources Say - CoinDesk What happened: Chinese cryptocurrency…


Alibaba to run its entire business on the cloud

Zhang Jianfeng, president of Alibaba Cloud and CTO of Alibaba Group. (Image credit: TechNode/Nicole Jao) Alibaba Cloud,…


Briefing: Xiaomi payment app Mi Pay enters India

Xiaomi enters the crowded payments space in India with the launch of Mi Pay – Android Authority What happened: Chinese…


Briefing: WeChat shuts more than 2,500 accounts for illegal loan activity

关于打击微信个人非法信贷贷类行为的公告 – WeChat Security Center What happened: China’s most used messaging app, WeChat, has shut down over…


China's crackdown on internet finance hurts online lender Dianrong

China’s peer-to-peer (P2P) lending industry has been in crisis mode ever since the government began to clamp down on…


Briefing: China's central bank to set up new regulatory rules for fintech

China's central bank says will gradually set up rules to regulate fintech - Reuters What happened: The People’s Bank of…


Briefing: Huawei built its own OS as backup amid tensions with US

紧张局势下,华为打造了自己的手机操作系统 - TechNode Chinese What happened: Huawei’s mobile chief confirmed that it has developed its own…