Monday, May 20, 2024

Monthly Archives: July, 2019

Ping An Insurance Invests in Online Education Unicorn iTutorGroup to Work on AI Applications

Chinese insurance giant Ping An Insurance has announced plans to expand into the "smart education" sector with an investment in a leading online education...

China Telecom to Acquire Over 40% Stake in ZhongAn Online’s Microloan Vehicle

One of China's telecommunications giants is acquiring an over 40% stake in a microloan company launched by the fintech vehicle of leading Chinese insurtech...

Renminbi Cross-border Payments Rise 46% YoY in 2018 to Hit 15.85T Yuan: China Banking Association

A new report from China's peak body for the banking sector points to a surge in renminbi cross-border payments in 2018. The "Renminbi Internationalisation...

Beijing Launches 11 Measures for Further Opening of China’s Financial Sector, Interbank Bond Market the Focus

The Chinese central government has unveiled a slew of new measures for further opening of the country's financial sector. The "Relevant Measures Concerning Further...

Ping An’s OneConnect Helps Develop Blockchain-driven SME Financing Platform in Philippines

The fintech subsidiary of Chinese financial conglomerate Ping An Group is teaming up with the fintech arm of a leading Filipino lender to launch...

China Provides Huge Career Opportunities for Fintech Professionals: Hays plc

British recruitment giant Hays plc has highlighted the trove of career opportunities currently on offer in China's fintech sector. Simon Lance, managing director of...

Chinese Real Estate Development Investment Rises 10.9% in First Half of 2019

Official data indicates that growth in Chinese real estate investment remained in double-digit territory in the first half of 2019. Figures from China's National...

China’s Non-bank Online Payment Operations Rise 85.05% YoY in 2018

A new report on the development of China's internet sector highlights surging growth in non-bank payments operations. The "China Internet Development Report (2019)" (中国互联网发展报告(2019))...

JD.com Seeks to Combine Blockchain and Cloud Computing Capabilities

Chinese e-commerce giant JD.com is integrating its blockchain and cloud computing capabilities via a collaborative arrangement between two key subsidiaries. On 17 July JD...

Chinese Investors Make 346.8B Yuan in Outbound Foreign Investments in First Half of 2019

Official data indicates that Chinese outbound foreign investment edged slightly higher in the first half of 2019. Figures released by the Ministry of Commerce...

Most Read