Xiaomi recently announced in an internal email that it appointed Alain Lam, vice president and CFO of the group, to serve as the chairman of Airstar Digital Technology, the financial arm of the group.
Chongqing Rural Commercial Bank, which is listed on the Hong Kong Stock Exchange (HKEx), disclosed on August 25 its latest semi-annual report, also mentioning the performance of its joint venture Chongqing Xiaomi Consumer Finance Co., Ltd., which owns its shares.
Quillion Technology, which has been in operation for more than half a year and was working on general-purpose computing and data center solutions, informed all staff on August 5 that the company would cease its operations.
Huawei is looking to globalize its operations in the financial services field, with a particular focus on Africa and the Asia-Pacific.
Luo Min, the founder and CEO of Qudian, a technology platform empowering the online consumer finance experience in China, said on July 18 that the company has begun to focus on ready-to-cook meals, and is winding down its financial credit business.
On Wednesday, Tianyancha revealed that a wholly-owned subsidiary by Ant Group was formerly established. The new subsidiary has been named Ant Suosuoshu (Hangzhou) Information Technology Co., Ltd.
According to an announcement released Thursday by automaker BYD, the company and its holding subsidiary BYD Precision Manufacturing plan to increase capital contributions to BYD Auto Finance.
Ant Group-backed e-payment solution MYbank recently announced that it would gradually stop asset transfers from Alipay to MYbank due to regulatory changes.
Three Chinese state associations issued a joint initiative on Wednesday for curbing the financialization and securitization of NFTs, and for preventing the risk of illegal financial activities.
Ant Group has announced the appointment of Jia Hang as its General Manager for Southeast Asia. The Group said this newly-established position will help strengthen its talent and capacity building in the region.
XTransfer, a Shanghai-based fintech startup established in 2017 by former Ant Group employees, is seeking to streamline Chinese cross-border e-commerce.
The pilot digital yuan project has covered more than 400,000 scenarios at the Olympics, with a transaction amount of 9.6 billion yuan ($1.509 billion).
On March 30, Fintech company JD Technology, a subsidiary of e-commerce giant JD.com, withdrew its IPO application to the Shanghai Stock Exchange.
On Feb. 5, China’s tech giant Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988) announced the pricing of an underwritten registered public offering of $5 billion senior unsecured notes, per Business Wire.
Last week saw two prominent Chinese VC funds – Future Capital and Qiming Venture Partners – raise new US dollar funds.