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[Reprint] 500 Startups Partners with Blockchain Incubator Huobi Labs
500 Startups has announced a partnership with Huobi Labs to support the growth of their Batch 23 blockchain startups. According to the announcement, 500 Startups and Huobi Labs will select companies for Batch 23 blockchain track as well as design the pro
2 days
[Reprint] The Final Crackdown? China Moves to Completely Ban and Block Cryptocurrency Trading at Home and Abroad
China’s central bank, the People’s Bank of China, has announced that it aims to crackdown on cryptocurrency trading with bans on both domestic and international trading platforms, The Paper reported on Sunday (in Chinese).
2 weeks
Taiwanese Fintech Startup INSTO Raises $1.2 million in VC, Preps to Open Online Store
The 5-year-old firm that arranges person-to-person installment payments will expand into new products.
3 weeks
[Reprint] WeChat Pay Now Allows Users To Bind Overseas Credit Cards
Tencent’s WeChat Pay, one of China’s major mobile payment services, announced today that international credit cards are now allowed on the mobile payment platform. Expats living in China and residents of Hong Kong, Macao, and Taiwan—places where WeChat is
3 weeks
[Reprint] Guangxi Wants To Become China’s Blockchain Hub
At the Guangxi Autonomous Region’s “Lianghui” or “Two Sessions”—the region’s most important annual political sessions comprised by the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC)—one topic received a
3 weeks
CreditX provides technology to offer greater credit score accuracy in China
Headquartered in Shanghai, Credit X is blazing a path in the financial services sector, exporting AI technology and machine learning to provide credit rating services for individuals previously overlooked in the China market.
1 month
[Reprint] Societal changes via blockchain incentives
Editor’s note: This was contributed by Patrick Dai, the founder of the Qtum Foundation. Patrick is a fellow at SUSS and was recently selected as one of Forbes China’s 30 under 30 for his contributions to consumer technology. Patrick was previously employe
2 months
[Reprint] WeChat ecosystem to open in Malaysia as Tencent becomes world 5th largest company
Tencent has made a “breakthrough” in obtaining an electronics payment license in Malaysia that would allow local users link their bank accounts to WeChat Pay and make payments in ringgit, senior vice president S.Y. Lau told Reuters. Tencent applied for th
3 months
[Reprint] Forget QR codes, China’s next favorite payment method is your face
The launch of Apple’s new iPhone X equipped with tech that turns your face into a poop emoji seems to have left China’s consumers less than impressed. This shouldn’t surprise us—authentication through facial recognition and other biometric features has be
4 months
[Reprint] Report says India is about to overtake China's fintech
At more than twice the global average, China is currently the world leader in fintech service adoption, but current second-place India is expected to surpass its neighbor according to a report by EY (formerly Ernst & Young), a global accounting and consul
4 months
[Reprint] With new funding, Tiger Brokers paves path for Chinese to invest in overseas stock markets
While domestic stock market is still characterized by extreme volatility, an increasing number of Chinese investors flock to overseas capital markets in seek of more opportunities. As one of the startups that want to capitalize on this trend, Tiger Broker
4 months
[Reprint] Alipay vs WeChat: Challenges and strategies of two payment giants going global
Cash has taken hundreds of years to establish its status as a common medium for trade, but it is quickly turning obsolete across China. Replacing it, the ubiquitous QR code-based mobile payment solutions operated by internet giants like Alibaba and Tencen
6 months