Internet financial Archives

Ant Financial Invests in Vietnam’s eMonkey

Alibaba’s financial services spin-off, Ant Financial, is said to have acquired a sizable stake in Vietnamese e-wallet eMonkey, according to Reuters.

Realme Launches Financial Services Platform in India to Compete With Xiaomi

On December 18, Chinese phone-maker Realme announced its full-stack financial services platform called Realme PaySa in India.

Xiaomi Launches Digital Lending App ‘Mi Credit’ in India

Xiaomi, the No.1 smartphone brand in India, has forayed into online lending, launching ‘Mi Credit’ in India, joining a growing wave of fintech startups in the South Asian nation.

ByteDance Launches New Financial Services App

On October 10, China's ByteDance launched a new loan service app called “Manfen” (“full score“ in Chinese).

Alipay Launches International Version to Ease Access for Foreign Users

Ant Financial has announced that their market leading payment platform is now available for all foreign users to pay in China.

WeChat Takes Down Multiple Blockchain News Accounts for Violating Government Provisions

A number of blockchain news and media accounts on WeChat became inaccessible on the evening of August 21. The Tencent WeChat team released a statement next day saying that the accounts have been permanently banned and their content removed due to a violation of government provisions.

Cheetah Mobile Stock Price Rises After “Better-than-Expected” Q2 Earnings

Cheetah Mobile stock price soared over 23 percent on August 20 in the U.S. stock market, after the Chinese mobile internet company published its financial reports for the second quarter of 2018.

Tencent Strategically Invested Chinese Broker CICC

On the evening of Today (September 20), China International Capital Corporation Limited (CICC) announced in Hong Kong Exchanges and Clearing Limited (HKEx) that Tencent as strategic investors subscribed 207.5 million shares of CICC, accounting for 12.01% of CICC H shares and 4.95% of the total share. The subscription price is 13.80 HKD per share. The […]

JD Finance is separated from JD Group

On the evening of August 14th, JD Group released the 2017 second-quarter earnings report. The financial data of JD Finance didn’t be listed on the reports, which marked the realization of the news— “JD Finance would be separated from JD Group”. With the end of Q2, JD Finance completed the separation, and its finance data […]

China now has 751 million Internet users

Recently China Internet Network Information Center (CNNIC) released the 40th China Statistical Report on Internet Development (hereinafter referred to as “Report”) in Beijing. The Report shows that by June 2017, the number of Internet users in China had reached 751 million, accounting for a fifth of global netizens. The Internet penetration rate was 54.3%, surpassing […]

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