The Shanghai-based peer-to-peer (P2P ... citing people familiar with the matter. An IPO would add to the $91 million China Rapid Finance has already raised. Investors see major potential in peer to peer lending, given the size of the China market. ( read original story ...)
China stocks fall on tighter regulation, IPO worries; HK flat
SHANGHAI, Feb 27 (Reuters) - China stocks slipped on Monday after the securities regulator vowed to step up its campaign against speculation and hinted about loosening its grip on new share offerings - moves that would benefit the market in the long term ... ( read original story ...)
Shanghai Targets Fintech Lead in China with Blockchain Regulation
The head of Shanghai’s Financial Service Office has called for the legal regulation of blockchain technology the city looks to take the lead in the financial technology sector in China. Shanghai is aiming to become the leader in the blockchain technology ... ( read original story ...)
Why is Beijing declaring war on stock market ‘crocodiles’ now?
The collapse of a highly leveraged, 3 billion yuan (US$436 million) takeover bid for a Shanghai-listed animation company this month shone a spotlight on a shadowy corner of China’s stock market that is worrying the authorities in Beijing. The bidding ... ( read original story ...)
YouCam Makeup App Becomes an Interactive Makeup Consultant in Watsons Shanghai
Perfect Corp. is excited to announce that Watsons Flagship store in Shanghai has launched Consultation Mode from its successful virtual beauty app YouCam Makeup. Customers are invited to use the makeover kiosk to try on over 30 different products from ... ( read original story ...)
China Rapid Finance Said to Target U.S. IPO as Soon as This Year
China Rapid Finance, a Shanghai-based peer-to-peer lender ... The company, which raised $20 million at a pre-money valuation of $1 billion in November, could hold the IPO as soon as this year, the people said, asking not to be identified because the ... ( read original story ...)
Exclusive: China considers faster IPO approval to lure large tech deals – sources
The $25 billion record IPO of e-commerce giant Alibaba in New York in 2014 was ... While there are almost 400 tech companies listed in Shenzhen and Shanghai, the vast majority are small firms, with an average valuation of $1.9 billion, dwarfed by the ... ( read original story ...)