Tag: China

China Union Pay Merchant Service (China UMS) has received a $297m investment from Everbright-IDG Industrial Fund.

Investment data and research startup InnoTree has raised $15m in a Series B round led by Guangdong Poly Asset Management.

MasterCard is making it easier for Chinese users to pay for tuition and other costs in the US through a new partnership with online payments service Plastiq.

Alipay, the online and mobile payments service operated by Alibaba subsidiary Ant Financial, is expanding into Europe.

Chinese open-source blockchain startup Antshares has raised $4.5m in its initial coin offering to complete the development of its blockchain platform.

Chinese group deals and online-to-offline (O2O) platform Meituan-Dianping has acquired payments startup Qiandai.

Blockchain post-trade startup Juzhen Financials has raised $23m in a Series A round of funding. The investment was led by Wanxiang Holdings.

Indonesian micro-lending firm UangTeman has raised an undisclosed pre-series A round in equity funding.

Credit card management app U51.com is the latest Chinese FinTech startups to land a $1bn-plus valuation as the company announces its $310m Series C round.

Peer-to-peer lender FirstP2P has raised $70m in its Series C round of funding from CCB International and San Shan Capital Partners.