P2P lending platform PPDai posts solids results in Q2, turns to institutional funding

Image credit: BigStock/Stanislau_V New York-listed PPDai, an online financing marketplace headquartered in Shanghai,…


Binance to develop Libra-like digital currencies, hints at focus on countries including China

(Image credit: BigStock/alexgrec) Cryptocurrency exchange Binance announced on Monday a new initiative, dubbed “Venus,”…


China includes digital currency in plans for the Shenzhen Special Economic Zone

A border bridge connecting Hong Kong Shenzhen (Credit: Bigstock/Askarim) A new guideline for the future development of…


Ant Financial posts strong profit in Q2

Alibaba's fintech affiliate Ant Financial posted strong profits in the second quarter, contributing around RMB 1.63…


Bitcoin trades at a premium in Hong Kong amid mass demonstrations

Amid ongoing turmoil, investors in Hong Kong are paying a premium for bitcoin despite its price volatility. The spike…


India beat China for number of fintech deals in Q2: CB Insights report

An Alipay sticker shows consumers how to pay on mobile phones. (Image credit: TechNode/Shi Jiayi) India has surpassed…


Tencent Music shares slide as Q2 revenue fails to meet expectations

Screenshot of Tencent Music Entertainment Group's official website (Image Credit: Tony Xu/TechNode) Shares in Tencent…


China's digital fiat currency is 'nearly ready' for launch: PBOC official

Headquarter of the People's Bank of China in Beijing. (Image credit: Wikimedia Commons/Yongxinge) China's planned…


Patients visit Beijing Xiehe Hospital on April 17, 2019. (Image credit: TechNode/Cassidy McDonald)

Ant Financial's mutual aid platform hints at insurer tie-ups as users hit 80 million

(Image credit: Alipay) Ant Financial has hinted that its mutual aid platform could collaborate with insurance providers…


Alipay expands footprint in Africa with Flutterwave tie-up

An Alipay sticker shows consumers how to pay on mobile phones. (Image credit: TechNode/Shi Jiayi) Chinese e-commerce…