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AliPay and WeChat granted Hong Kong digital wallet licenses
Two of China’s biggest mobile payments players AliPay and WeChat, have won approval to operate digital wallets in Hong Kong. It’s seen as a major step towards international expansion.
Momfo takes $14m for property financing platform
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 regulators crack down on peer-to-peer lending
Chinese authorities are cracking down on the nation’s booming peer-to-peer lending space with new regulations.
Touzhijia.com pulls in $12m for peer-to-peer lending
Touzhijia.com, a Chinese peer-to-peer lending platform, has raised $12m in a Series A round from US VC-firm CDF Capital.
MasterCard launches payments service for Chinese students
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 preparing to enter Europe
Alipay, the online and mobile payments service operated by Alibaba subsidiary Ant Financial, is expanding into Europe.
Yunnex lands $45m for point-of-sale solutions
Chinese point-of-sale (POS) solutions provider Yunnex has raised $45m in a Series B round of funding.
CreditEase expands VC team for FinTech investments
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.
Yixin Capital takes $550m for Chinese auto financing
Automotive financing firm Yixin Capital has landed $550m from a consortium of heavyweight Chinese internet firms.
