Friday, October 30, 2020
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Xiaomi Finance Grapples with Online Fraud and Trademark Infringement in China’s Fintech Sector

A long-running dispute between Xiaomi's finance vehicle and a company bearing a similar name in Shandong province may have come to an...

Xiaomi’s Virtual Lender Airstar Bank Kicks off Official Operation in Hong Kong

Virtual lender Airstar Bank announced the official launch of operation on 11 June, as one of seven digital banks licensed to operate...

Xiaomi Invests in Asset Securitisation Fintech Company Backed by JD.Com

Smartphone-maker Xiaomi has just invested in a fintech company based in the Guizhou-province capital of Guiyang.

Xiaomi Grabs Approval for Consumer Finance Company in Chongqing Municipality

Chinese tech giant Xiaomi has obtained approval from China's banking regulator for the establishment of a consumer finance company.

Xiaomi VP Resigns over Breaches of Public Security Law, Detained for Five Days over Obscene Behaviour

Wang Lingming (汪凌鸣), vice-president of Chinese smartphone giant Xiaomi, has resigned from his position over alleged breaches of a key Chinese public...

Xiaomi Scraps Micro-loan Subsidiary as Chinese Microcredit Sector Struggles

Chinese consumer electronics giant Xiaomi has just shut down one of its micro loan subsidiaries as the microcredit sector enters a slump.

Xiaomi Makes Bold Foray into India’s Consumer Finance and B2B Sectors

Chinese smartphone giant Xiaomi has ambitions to expand into India's consumer and B2B loan market with the launch of a new financial institution in...

Smartphone Giant Xiaomi Plans to Open Virtual Bank in Hong Kong

Chinese smartphone giant Xiaomi hopes to expand its presence into the fintech sphere with plans to launch a virtual bank in Hong Kong. According to...

Xiaomi Accused of Providing Risky P2P Lending Products to Users

Chinese smartphone giant Xiaomi stands accused of advertising risky P2P lending products to users, amidst a crackdown by Beijing on the online lending sector. Xiaomi...

Xiaomi Becomes First Company to Apply for Chinese Depository Receipts

Smartphone giant Xiaomi has become the first company to apply to use Chinese Depository Receipts (CDR) to make its equity stakes available in mainland...

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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...

ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...

Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.

Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...