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Fintech government Heavy Hitters News Online Banking PropTech Tencent

Apartment rental firm Danke has repaid $201 million in loans to WeBank

Danke WeBank China tech renting loan rental

WeBank has been repaid $201 million through a plan announced in December to transfer debt from tenants to the Danke rental platform.

Posted on December 31, 2020 Author Eliza Gkritsi Comments Off on Apartment rental firm Danke has repaid $201 million in loans to WeBank
ByteDance Content and entertainment Employment Heavy Hitters News Tencent

Kuaishou asks staff to work extra days ahead of Hong Kong IPO

short video douyin Chinese Su Hua

Kuaishou is under tremendous pressure ahead of an IPO as it struggles to compete with rivals such as Douyin and Bilibili in the online entertainment sector.

Posted on December 30, 2020 Author Wei Sheng Comments Off on Kuaishou asks staff to work extra days ahead of Hong Kong IPO
ByteDance Content and entertainment Employment Heavy Hitters News Tencent

Kuaishou asks staff to work extra days ahead of Hong Kong IPO

short video douyin Chinese Su Hua

Kuaishou is under tremendous pressure ahead of an IPO as it struggles to compete with rivals such as Douyin and Bilibili in the online entertainment sector.

Posted on December 30, 2020 Author Wei Sheng Comments Off on Kuaishou asks staff to work extra days ahead of Hong Kong IPO
Alibaba Ant Financial E-commerce and New Retail edtech Heavy Hitters News

Alibaba empire under pressure, VCs flood edtech: Retailheads

tech giants Alibaba cloud computing covid-19 investment

China launches an anti-trust probe into Alibaba and summon executives from Ant Group, Luckin continued to grow in 2020, investment into edtech surged.

Posted on December 30, 2020 Author Emma Lee Comments Off on Alibaba empire under pressure, VCs flood edtech: Retailheads
Bitcoin and blockchain Cryptocurrency Fintech News On the Cusp

BSN eyes CBDCs, Bitmain drama ends: Blockheads

CBDC digital yuan Crypto blockheads blockchain BSN cryptocurrency Bitcoin

The BSN is looking to tap into central bank digital currencies with two new projects, ZhongAn announces the first insurance policy to accept digital yuan.

Posted on December 29, 2020 Author Eliza Gkritsi Comments Off on BSN eyes CBDCs, Bitmain drama ends: Blockheads
Bitcoin and blockchain Fintech News Posts

EXCLUSIVE: BSN architect firm eyes CBDC with two new projects

CBDC digital yuan Crypto blockheads blockchain BSN cryptocurrency Bitcoin

Red Date Tech expects to launch a CBDC and stablecoin payment layer on the BSN in H1 2021, and is in talks to develop a public chain for such currencies.

Posted on December 25, 2020 Author Eliza Gkritsi Comments Off on EXCLUSIVE: BSN architect firm eyes CBDC with two new projects
government Mobility News The Numbers Unmanned vehicles Up and Comers

Self-driving startup WeRide raised $200 million in Series B1

autonomous driving vehicles self-driving cars pony.ai weride waymo china us

WeRide, the first testing fully driverless cars on Chinese open roads, is also promising a fully hands-free minibus.

Posted on December 24, 2020 Author Jill Shen Comments Off on Self-driving startup WeRide raised $200 million in Series B1
Alibaba Ant Group E-commerce and New Retail Heavy Hitters News Turf Wars

China launches anti-monopoly investigation into Alibaba

tech giants Alibaba cloud computing covid-19 investment

As sister company Ant Group faces challenges from finance regulators, Alibaba is confirmed to face an anti-monopoly investigation.

Posted on December 24, 2020 Author Emma Lee Comments Off on China launches anti-monopoly investigation into Alibaba
Ant Group Fintech government Heavy Hitters News

Ant Group to meet regulators ‘in the coming days’

ant Group fintech

Ant Group will face financial regulators “in the coming days.” The fintech giant had its IPO suspended in November.

Posted on December 24, 2020 Author Eliza Gkritsi Comments Off on Ant Group to meet regulators ‘in the coming days’

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