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Fintech News

Fintech News 
September 13, 2019

Chinese State-Owned SDIC Leads $19M Round In Pure Laser Projection Display Start-Up

Casiris Technology, a Chinese start-up that develops pure laser projection display devices, has secured RMB135 million (US$19.06 million) in a series D+ round of financing led by State Development & Investment Corporation (SDIC), the largest state-…

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Fintech News 
September 13, 2019

Chinese Start-Up Stroke Medical Raises $14M Series B Round For Stroke Treatment

Chinese medical devices developer Stroke Medical announced this week that it has raised nearly RMB100 million (US$14.12 million) in a series B round of financing led by Hidea Venture Capital, a Chinese investment company specialized in healthcare and s…

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Fintech News 
September 13, 2019

Asia-Focused PE Firm PAG To Buy $300M Convertible Notes From China’s LexinFintech

LexinFintech, a fintech platform for educated young adults in China, announced on Wednesday that it has entered into an agreement with Asia-focused private equity firm PAG, in which LexinFintech will issue and sell convertible notes in an aggregate pri…

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Fintech News 
September 12, 2019

S&P Global Invests In Chinese Alternative Data Product Platform BigOne Lab

Chinese alternative data product platform BigOne Lab has raised a strategic investment worth millions of U.S. dollars led by S&P Global.
(more…)
S&P Global Invests In Chinese Alternative Data Product Platform BigOne Lab comes originall…

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Fintech News 
September 12, 2019

Chinese Bitcoin Tycoon-Backed GXChain Halted Amidst Police Crackdown

The Chinese authority has clamped down another domestic cryptocurrency project, shutting down the office of the popular and once well-funded “GXChain,” which counts Chinese bitcoin tycoon Li Xiaolai and early-stage investment firm ZhenFund among its sh…

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Fintech News 
September 12, 2019

Tencent, Sequoia Lead $100M Round In Smart Fabric To Disrupt Traditional Textile Sector

Tencent and Sequoia Capital China have jointly led a US$100 million series C round of financing in Smart Fabric, a start-up providing internet-enabled solutions for the textile industry in China.
(more…)
Tencent, Sequoia Lead $100M Round In Sma…

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Fintech News 
September 11, 2019

Sequoia-Backed P2P Lender Huobank Collapses As Beijing Mops Up Online Finance Risks

Houbank, a Chinese online peer-to-peer (P2P) lending platform that counts Sequoia Capital China as a major shareholder, has been put on file for investigation and prosecution of alleged “illegal absorbing public deposits,” the municipal public security…

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Fintech News 
August 28, 2019

Chinese Shoe Maker Goes Into Bankruptcy After Failed Restructuring Efforts

Hong Kong-listed Chinese shoemaker Fuguiniao Co Ltd announced on Monday that the authority has rejected and terminated its restructuring plan, leading to the bankruptcy of the once-renowned “king of leather shoes” in China.
(more…)
Chinese Shoe…

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Fintech News 
August 28, 2019

CITIC Capital Backs Japanese Luxury Brands Platform In $34M Round For China Expansion

CITIC Capital, the flagship investment arm of Chinese financial conglomerate CITIC group, has participated in a JPY3.6 billion (US$34.02 million) new funding round in Reclo, a Japanese online re-selling platform for luxury brands.
(more…)
CITIC…

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Fintech News 
August 28, 2019

HiScene Nets $34M To Deploy AR In Smart Manufacturing, Public Security

HiScene, a Chinese augmented reality (AR) start-up serving companies including Baidu, Tencent and Alibaba, announced on Wednesday the completion of a series C funding round worth RMB250 million (US$34.93 million).
(more…)
HiScene Nets $34M To …

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Other Fintech News

  • Chinese State-Owned SDIC Leads $19M Round In Pure Laser Projection Display Start-Up
  • Chinese Start-Up Stroke Medical Raises $14M Series B Round For Stroke Treatment
  • Asia-Focused PE Firm PAG To Buy $300M Convertible Notes From China’s LexinFintech
  • S&P Global Invests In Chinese Alternative Data Product Platform BigOne Lab
  • Chinese Bitcoin Tycoon-Backed GXChain Halted Amidst Police Crackdown
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