In today’s top news, Chinese regulators have instructed banks to scale back loan amounts in 2021, and Plaid launched a new income verification tool. Plus,...
There was talk about making big investments in technology and aiming for 6 percent growth as China’s legislature, the National People’s Congress, met this week...
Mounting bubble fears have triggered new guidance from Chinese regulators instructing banks to scale back loan amounts in 2021, Reuters reported on Friday (March 5),...
Chinese regulators continue to tighten rules for financial technology companies. On Tuesday (March 3), a top official said that FinTechs will be required to meet...
Although Jack Ma agreed to turn over Ant Group’s customer financial data, the People’s Bank of China (PBoC) and Beijing regulators are not satisfied with...
In today’s top payments news around the world, RecargaPay has notched $70 million in a Series C funding round to expand its payments platform, while...
China’s bank regulator is tightening restrictions on internet loans made by commercial banks and looking more into online lenders in general, Reuters reported. Get the...
JD.com, sometimes called China’s Amazon, said it plans to take its shipping business public in Hong Kong, Bloomberg reported. The company’s goal is to take...
One previously unreported reason Jack Ma‘s Ant Group lost its IPO was because of the complex ownership structure of the company, The Wall Street Journal...