Thursday, April 15, 2021
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Tag: XIaomi

Xiaomi Consumer Finance Applies for Payments and Loan Trademarks

Xiaomi has become the latest Chinese tech giant to seek to expand its financial capabilities following the submission of an application for...

Xiaomi, JD-backed Agency Grabs China’s Second Personal Credit License

The People's Bank of China (PBOC) has just issued China's second ever personal credit ratings license to a joint-venture backed by smartphone...

PBOC on Track to Issue China’s Second Personal Credit Ratings License to JDD, Xiaomi-Invested Company

The Chinese central bank has flagged the issuance of China's second license for personal credit ratings operations to a company partially owned...

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...

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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms

The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...

Chinese CPI Bounces Back into Positive Territory in March

China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...

Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021

Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...