Tag: China

Alibaba FinTech subsidiary Ant Financial is boosting its biometric capabilities through the acquisition of Kansas City-based EyeVerify.

Chinese point-of-sale (POS) solutions provider Yunnex has raised $45m in a Series B round of funding.

Two of China biggest mobile payments players AliPay and WeChat, have won approval to operate digital wallets in Hong Kong. It seen as a major step towards international expansion.

Momfo, a Shanghai-based property financing platform has raised ?95m ($14m) in a Series A round of funding led by Gobi Partners and Kaitai Capital.

Chinese authorities are cracking down on the nation booming peer-to-peer lending space with new regulations.

Touzhijia.com, a Chinese peer-to-peer lending platform, has raised $12m in a Series A round from US VC-firm CDF Capital.

Chinese peer-to-peer lending firm CreditEase is expanding its VC team with the hire of the former global CIO at Standard Charter Bank, Anju Patwardhan.

Automotive financing firm Yixin Capital has landed $550m from a consortium of heavyweight Chinese internet firms.