Briefing: Hong Kong grants first batch of licenses for virtual banking

Hong Kong Starts Granting Licenses for Virtual Banks - Bloomberg What happened:…


China's mobile payment market fourth quarter growth dwindled

China’s third-party mobile payment market reached RMB 47.2 trillion ($7.01…


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…


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

Zhou Shiping, CEO of Hongling Capital, announced the company will be shutting…


China tells financial services industry to wipe out online usury

(Image credit: Rong360) Chinese authorities are stepping up efforts to fight…


Xiaomi-backed Tiger Brokers raises $104 mn in US IPO eyeing Chinese young investors

(Image credit: China Money Network) This article by Eudora Wang originally…


Briefing: Chinese student receives 10-year sentence for scamming JD.com

Chinese Student Receives 10-Year Jail Term for JD.Com Fraud - Yicai Global What…


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…


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…


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 -…