Shenzhen’s rainstorms didn’t dampen the enthusiasm of students, designers and coders from all over the world participating in the 2017 TechCrunch Shenzhen hackathon, co-hosted by TechNode. In teams of 4 or 5, the participants took on challenges posed by sponsors Dianrong, Mobike, Meet Magento Association and Segway Robotics. Dianrong is China’s premier peer-to-peer lending platform […]
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The Impact Of Ezubao On China’s P2P Lending Industry: Q&A With The Co-Founder of Dianrong.com
2016 has not been a good year for China’s peer-to-peer lending industry. The year began with the collapse of Ezubao (e租宝), a P2P lending site that swindled 50 billion RMB (about $7.5 billion USD) from almost a million investors. Since then, the scandals haven’t stopped. Part of it has to do with how fast China’s […]
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Live from TechCrunch – Highlights from the first TechCrunch Shenzhen
Organized by TechNode and TechCrunch, TechCrunch Shenzhen marks TechCrunch’s 7th session in China. After six fantastic tech gatherings in Shanghai and Beijing, this is the first time for TechCunch Summit to make its debut in Shenzhen. Entering a brand new city is a risky step for TechNode and TechCrunch, TechNode founder Dr. Gang Lu acknowledged in […]
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Take the blockchain challenge at TechCrunch Shenzhen’s Hackathon
The TechCrunch Shenzhen Hackathon is only two weeks away! Check out the bevy of tools and prizes that will be featured for the coming weekend. Blockchain and bike rentals Blockchain technology, with its distributed cloud storage and unbreakable smart contracts, could be the future! Dianrong’s blockchain lab has developed a Blockchain as a Service platform (BaaS). Together […]
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And the 7th annual ChinaBang Awards go to….!
Each year, ChinaBang Awards is dedicated to honoring the best innovation in China and to promoting the most promising and uprising tech startups inside China. Our panel of judges considered many factors in the selection process, including company innovation, continuity, potential, impact, and patents, as well as market growth, business model, product and service, and […]
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Our blockchain future: 3 takeaways from TechCrunch Shanghai 2017
When I first read Ray Kurzweil’s The Age of Spiritual Machines (I actually had no idea what it was the time, but was on a “spiritual” kick when I found it), I suddenly realized that much of what I had read by William Gibson, Neal Stephenson, and other science fiction authors could actually come to […]
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[Update] China’s P2P Lending Site Dianrong Lands Massive $207M USD Series C Backed By Traditional Banks
Dianrong, a leading Chinese peer-to-peer lending platform, announced today the closure of a massive $207 million USD of Series C financing, marking the largest funding round in China’s internet lending and financing industry. The funding is co-led by Standard Chartered Bank and China Fintech Fund (CFF), a fintech company equity investor founded by China Minsheng […]
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More Challenging, Greater Impact: Lending Club/Dianrong Founder On China
This post is part of our series Say Hello To China’s Expat-preneurs, where we will talk to a mix of foreign founders and tech veterans who have tackled China’s growing tech space and won. Stay tuned over the coming three weeks as we talk to foreign founders from Beijing to Shenzhen about what it takes to thrive in China. You can […]
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Online marketplace lender China Rapid Finance files for US IPO
China Rapid Finance, which operates an online consumer lending marketplace, has filed for IPO on the New York Stock Exchange to raise up to US$100 million. The company has been using an automated system to assess and price credit risk of borrowers since 2014. Apart from traditional data points from the credit reporting platforms including […]
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[Podcast] Analyse Asia 149: Fintech in China with Zennon Kapron
Editor’s note: This originally appeared on Analyse Asia a weekly podcast hosted by Bernard Leong, dedicated to dissecting the pulse of business, technology, and media in Asia. The podcast features guests from Asia’s vibrant tech community. Zennon Kapron from China Fintech & Kapron Asia joined us in a conversation to discuss the state of fintech in China. We discussed the different verticals within the fintech sector from digital payments, peer to peer lending to wealth management. He explained how the Baidu-Alibaba-Tencent axis is dominant in fintech against the traditional Chinese banks and western banks and serve as a business model for fintech […]
