Posts From Fintech News Hong Kong

Crushed By China’s P2P Crackdowns, Lufax’s Global Strategy Is Now Robo-Advisors

Just in March, Lufax had big aspirations towards launching an IPO that they hoped would raise its valuation to USD60 billion, a huge jump from when the company last valued at US$ 18.5 billion in 2016. Unfortunately, a rampant slew of Peer-to-Peer

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11 Accelerators and Incubators in Hong Kong, Fintech Startups Should Know

Hong Kong, a global financial hub, has seen strong growth of its fintech industry. The city now hosts 48 of the top-100 fintech companies in the world, according to IDC Financial Insight 2015. Hong Kong has also seen a vast

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UnionPay Expands its Mobile Payments App into Hong Kong and Macau

UnionPay announced that it has started to offer its mobile services to customers in Hong Kong and Macau, in a move that is said to meet increasing payment needs brought by the exchanges between Hong Kong/Macau and the Chinese mainland.

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6 Blockchain Projects That Gives a Snapshot of Shanghai’s Booming Blockchain Scene

Despite the crackdown on cryptocurrency by the Chinese Government the blockchain scene is thriving in China. Over the past 3 months the government of China has invested over US $ 3 billion in blockchain focused funds. It is reported that

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North Korea is Exploring Fintech and Blockchain

North Korea is exploring the possibility of introducing fintech services to its population with an initial focus on improved payments and mobile technology. Fintech has been growing rapidly around the world and yet there’s still no appreciable fintech services available

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Is Hong Kong Ready to Go Cashless?

Seeing the popularity of WeChat Pay and Alipay in China, it is easy for some to assume that these mobile payment apps are equally popular in Hong Kong. Unlike China, Hong Kong is still largely a very cash dominant society.

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Robo-Advisor AQUMON, a HKUST Incubatee Receives yet Another Round of Funding

Designed by Magnum Research, Aqumon is a robo advisory service aimed at making wealth management more accessible to the Hong Kong public using artificial intelligence. The company recently announced that it has closed an undisclosed sum of financing from the

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China’s P2P Lending: The House of Cards Crumbles

Over the past decade, millions of Chinese investors sunk their cash into thousands of peer-to-peer (P2P) lending platforms. These were promised steady growth, big dividends, and a chance to put financial worries behind. But over the past months, a wave

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2018: Fintech and Blockchain Courses Around the World

The financial services and banking industry has witnessed major transformations in recent years, fueled by advances in digital platforms and cutting-edge technologies such as artificial intelligence (AI), big data and blockchain, and a changing regulatory landscape that’s opening up the

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Hotels You Can Stay At During These Must-Attend Fintech Events in China & HK This Year

China and Hong Kong await you. From now till the end of this year, we have some exciting fintech events lined up for you to feast on. Come along for a new experience, get to know someone new, or simply

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