Friday, October 30, 2020
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Finance

Xiaomi Finance Grapples with Online Fraud and Trademark Infringement in China’s Fintech Sector

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

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

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

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

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

Xiaomi Grabs Approval for Consumer Finance Company in Chongqing Municipality

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

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

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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...
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Banking

Xiaomi Scraps Micro-loan Subsidiary as Chinese Microcredit Sector Struggles

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

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

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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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Fintech

Smartphone Giant Xiaomi Plans to Open Virtual Bank in Hong Kong

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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...
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Fintech

Xiaomi Accused of Providing Risky P2P Lending Products to Users

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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...
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Finance

Xiaomi Becomes First Company to Apply for Chinese Depository Receipts

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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

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The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...
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ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

Fintech CBNEditor - 0
ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...
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Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Fintech CBNEditor - 0
Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.
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Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

Banking CBNEditor - 0
The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...
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