Briefing: Xiaomi payment app Mi Pay enters India

Xiaomi enters the crowded payments space in India with the launch of Mi Pay – Android Authority What happened: Chinese…


Briefing: WeChat shuts more than 2,500 accounts for illegal loan activity

关于打击微信个人非法信贷贷类行为的公告 – WeChat Security Center What happened: China’s most used messaging app, WeChat, has shut down over…


China's crackdown on internet finance hurts online lender Dianrong

China’s peer-to-peer (P2P) lending industry has been in crisis mode ever since the government began to clamp down on…


Briefing: China's central bank to set up new regulatory rules for fintech

China's central bank says will gradually set up rules to regulate fintech - Reuters What happened: The People’s Bank of…


Briefing: Huawei built its own OS as backup amid tensions with US

紧张局势下,华为打造了自己的手机操作系统 - TechNode Chinese What happened: Huawei’s mobile chief confirmed that it has developed its own…


WeChat, Alipay, QQ top-ranking apps in February

Latest mobile app rankings show that WeChat, Alipay, and QQ were the most used apps in February, according to Chinese…


Faraday Future lists its Las Vegas property for $40 million

Electric vehicle maker Faraday Future (FF) is looking to sell its 900-acre property in the Apex Industrial Park located…


Barclaycard and Alipay expand partnership for UK payments

UK payments processing company Barclaycard announced a new partnership with Alipay on Thursday that will allow…


Chinese fintech unicorn Lufax in no rush to IPO

(Image credit: Lufax) Chinese peer-to-peer (P2P) lender Lufax is not in a hurry to list on the stock markets, said an…


Briefing: P2P lender Lufax valued at $39.4 billion in latest funding round

Online Lender Lufax Valued at $39.4 Billion After New Fundraising - Caixin Global What happened: Ping An…