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China Cracks Down on Crypto

China is one of the countries that was still developing when it adopted fintech. The country as a whole experienced a great amount of growth due to its outdated regulations that left room for inhibited growth.  In 2018 its investments reached $25.5 billion, taking up half of the total fintech investments that year. In the …

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Why Blockchain isn’t as Popular as we Expected

Although Blockchain technology has widely been accepted as efficient and safe, years after its initial rise in popularity we look around and see it hasn’t exploded in growth like some had expected. This lack of popularity has left many to wonder if the initial excitement was simply overhyping it and whether the technology is turning …

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Fundamental Shift to Come in China’s Crackdown of Fintech Industry

The past couple of weeks has seen China’s government begin to crack down on its biggest innovators. Taking a page from the Ant Group playbook, China has imposed sweeping restrictions on the fast-growing financial divisions of 13 companies including Tencent, ByteDance, JD.com, Meituan and, Didi. The new requirements are much stricter regarding compliance when these …

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Fintech Giants in China are Hitting Major Roadblocks in Planned Listing at Home

China’s Securities Regulatory Commission announced last Friday a long list of updated guidelines for fintech companies seeking to be listed on its Shanghai Stock Exchange’s STAR market, the Nasdaq-style tech board officially known as the Shanghai Stock Exchange Science and Technology Innovation Board. One of the major guidelines that financial technology companies were banned from …

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JD Technology Pulls IPO in Light of China’s Fintech Restructuring

China is perhaps now home to the world’s most interesting and confusing global fintech market. They have one of the world’s biggest economies, and are even accelerating with fintech startups and in the cryptocurrency space. China is actually the only country currently to have a digital currency, the digital yuan, circulating through their central bank, …

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Future FinTech Acquires Chinese Bitcoin Miner

Bitcoin and cryptocurrency has been one of the, if not the absolute biggest trend in fintech over the past year and a half. Events such as Tesla CEO, as well as now world’s richest man, Elon Musk purchasing over €1.3 billion in bitcoin in an effort to accept the crypto for Tesla purchases has shifted …

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Ant Group CEO Unexpectedly Steps Down

China has made suggestions that they want to become a fintech world epicenter, just as the United Kingdom and the United States have recently, but they seem to contradict themselves in some aspects. If they’re going to excel in any department of fintech, cryptocurrency would probably be the most expected route. This is mainly because …

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Beijing Cracks Down on Alibaba Rival Tencent

It’s no secret that China has become one of the world’s leaders in exports, as they are able to produce massive quantities of goods for often far cheaper than other countries such as the United States and Japan. Alibaba is an e-commerce company that is able to sell almost any product globally at extremely low …

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