Circle Internet Financial Ltd., a Goldman Sachs-backed American FinTech start-up, completed a US$110 million series E funding round led by Chinese Bitcoin mining giant Bitmain Technologies Ltd. The round had the participation of IDG Capital Partners, t…
Chinese Catering Firm Xiyun International Raises $200M Series A Round
Chinese group catering firm Xiyun International has raised a US$200 million series A round from CDH Investments, Ant Financial and Koubei, Alibaba Group Holding’s local on-demand affiliate, according to CDH Investments’ announcement on its offici…
Chinese Central Bank Official Says Blockchain Should Stay Away From Finance
Sheng Songcheng, a counselor to People’s Bank of China who has served at the Chinese central bank for over 20 years, said that blockchain technology should stay away from finance as much as possible. (more…)
Chinese Central Bank Official Says B…
Xi Jinping Calls For Greater Cooperation On Innovation Between Hong Kong And Mainland
Chinese president Xi Jinping has called for enhanced cooperation on innovation between mainland China and Hong Kong to help make Hong Kong to become an international innovation hub. (more…)
Xi Jinping Calls For Greater Cooperation On Innovation…
JP Morgan To Take Majority Stake In Chinese Joint Venture
JPMorgan Chase & Co. has announced that it will assume a majority stake of its Chinese mutual-fund management joint venture by raising its holding to 51% from 49% currently after Beijing recently relaxed its rules for foreign ownership of financial…
Former UBS China President Karen Chen Joins Crypto Firm Higgs Block As CEO
Karen Chen, former president of UBS China Ltd., has been appointed chief executive officer at Singapore-based blochchain company Higgs Block Technology PTE, Ltd. (more…)
Former UBS China President Karen Chen Joins Crypto Firm Higgs Block As CEO…
Shoreline’s Tony Liu: Distressed Chinese Property Firms Offer New Single Asset Investment Opportunities For Investors
Shoreline Capital, one of the earliest investors focused on China’s distressed debt market, sees an growing number of Chinese property firms experiencing severe liquidity issues, which would provide new opportunities for distressed debt investors…
South Korean Regulators Deepen Investigation Of The Country’s Largest Cryptocurrency Exchange UPbit
The Financial Supervisory Service (FSS) of South Korea will assist the Korean Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) in evaluating the balance sheet of UPbit, the country’s largest cryptocurrency exchange. The r…
Fitch Says China Risk Weakens Hong Kong Banks
Hong Kong’s proximity to China has long been its stronger selling point. But according to a new Fitch Ratings report, it is having a bad influence on the city’s banking sector. (more…)
Fitch Says China Risk Weakens Hong Kong Banks appeared…
HSBC Claims To Complete First Trade Finance Deal Utilizing Blockchain
HSBC and ING Bank have used Corda blockchain technology to finance a shipment of soya beans from Argentina to Malaysia for food and agriculture conglomerate Cargill, HSBC said on its Twitter account. (more…)
HSBC Claims To Complete First Trade …