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10 Jan

Tencent, China Rapid Finance Team Up on New Online Consumer Investment

By Bien Perez Posted date: January 9, 2017 03:48 PM Original source: http://www.scmp.com/business/money/article/2059993/china-rapid-finance-triple-number-users-its-consumer-lending-platform Internet giant Tencent Holdings could be poised to ramp up the operations of its online wealth management service, Licaitong, under a new alliance with China Rapid Finance, operator of the mainland’s largest online consumer lending platform. “This collaboration between CRF and Tencent’s Licaitong platform will support the development of inclusive finance in...

10 January 2017 / Press
10 Jan

China Rapid Finance Partners with Tencent Licaitong on New Investment Products

Posted date: January 9, 2017  Original source: http://www.businesswire.com/news/home/20170108005017/en/China-Rapid-Finance-Partners-Tencent-Licaitong-Investment SHANGHAI--(BUSINESS WIRE)--China Rapid Finance Limited (“CRF” or “We”), China’s largest consumer lending marketplace by number of loans facilitated, is cooperating with Tencent’s wealth management platform, Licaitong, to provide new investment products offering more choices for individual investors. The initial amount, totaling more than RMB 27 million, immediately sold out within two hours of the launch online....

10 January 2017 / Press
09 Jan

China Rapid Finance to Triple Number of Users on Its Consumer Lending Platform

By Daniel Ren Posted date: January 8, 2017 03:30 PM Original source: http://www.scmp.com/business/money/article/2059993/china-rapid-finance-triple-number-users-its-consumer-lending-platform China Rapid Finance (CRF), the mainland’s largest online consumer lending platform in terms of the number of loans transacted, is looking to triple the number of users this year as it looks to create a business on par with a major commercial bank’s credit-card division. Zane Wang Zhengyu, founder and chief executive...

09 January 2017 / Press
03 Jan

CHINA’S TIGHTER P2P RULES MAY TRIGGER UNEXPECTED RUN ON DEPOSITS

By Daniel Ren Posted date: January 3, 2017 02:03 PM Original source: http://www.scmp.com/business/banking-finance/article/2058884/chinas-tighter-p2p-rules-may-trigger-unexpected-run Tighter regulations on China’s peer-to-peer (P2P) lending sector are potentially putting depositors’ money at risk and could even trigger an anticipated run on deposits in March, with many of the lending platforms facing the very real prospect of liquidation, according to market watchers. Authorities in Beijing are determined to examine the credentials...

03 January 2017 / Press
26 Dec

The Biggest Tech Trends From China To Watch Out For In 2017

By Jordyn Dahl Posted date: December 21, 2016 02:40 AM Original source: http://www.forbes.com/sites/jordyndahl/2016/12/21/the-biggest-tech-trends-from-china-to-watch-out-for-in-2017/#db41a7e08b35 China's technology sector dominated headlines in 2016 both in the Middle Kingdom and abroad, ranging from coverage of Uber's merger with Chinese rival Didi Chuxing to the newly popular bike-sharing apps. Just a few years after China's tech scene emerged, the conversation has shifted from questioning if Chinese firms can innovate to how Western firms...

26 December 2016 / Press
16 Nov

Sino Guarantee, Bank of Shanghai inject fresh capital into online lender China Rapid Finance

By Bien Perez Posted date: November 15, 2016 06:41 PM Original source: http://www.scmp.com/tech/china-tech/article/2046226/sino-guarantee-bank-shanghai-inject-fresh-capital-online-lender China Rapid Finance, operator of the mainland’s largest online consumer lending platform, is looking to step up its domestic expansion after forging wide-ranging partnerships with China United SME Guarantee Corp (Sino Guarantee) and the Bank of Shanghai. Sino Guarantee and Bank of Shanghai said on Tuesday that they will both join the...

16 November 2016 / Press
16 Nov

China Rapid Finance Clinches Institutional Partners, Expands Investment Round

Posted date: November 15, 2016 Original source: http://www.businesswire.com/news/home/20161115005672/en/China-Rapid-Finance-Clinches-Institutional-Partners-Expands SHANGHAI--(BUSINESS WIRE)--China Rapid Finance Limited (“CRF”), China’s largest consumer lending marketplace in terms of number of loans, today announced wide-ranging partnerships with two leading financial institutions that make CRF the first-in-class marketplace to achieve institutional funding diversification with scale, and strengthen the company’s leadership position in China’s online finance industry. Strategic partnership signing ceremony. From left to right:...

16 November 2016 / Press
10 Nov

China Rapid Finance Marketplace Lending Platform Hits One Million Borrowers

SHANGHAI, November 10, 2016– China Rapid Finance Limited (“CRF”), China’s largest consumer lending marketplace in terms of number of loans facilitated, today announced the cumulative number of borrowers on its platform had exceeded one million as of October 31,2016. The platform had facilitated 8.8 million loans in total as of the same date, the Company reported. “Serving more than one million borrowers...

10 November 2016 / Press
02 Aug

The 27 fintech unicorns from around the world, ranked by value

By Oscar Williams-Grut Posted date: August 1, 2016 02:00 PM Original source:http://www.businessinsider.my/fintech-unicorns-ranked-by-value-2016-7/#mmwqPHTXFd8zGgXR.97 A lot has changed since we last didp our roundup of fintech "unnicorns"- private companies worth over $1 billion. Investment was on the slide even before Brexit, and now economic growth looks shaky in the wake of the shock vote. Of those on the original unicorn list, some on have gone public, like LendingClub and...

02 August 2016 / News / Press