Various

WeLab raises US$220 million in new strategic financing

WeLab, one of the fastest growing fintech companies in Greater China, announced last month that it has raised US$220 million of combined Series B+ equity and debt strategic financing and has won the backing of the Alibaba Hong Kong Entrepreneurs Fund,

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Thomson Reuters Partners to support Hong Kong FinTech Innovation Hub

Thomson Reuters is partnering with the Hong Kong Applied Science and Technology Research Institute (ASTRI) to help accelerate the development of FinTech innovation by bringing technology, tools and content to the Innovation Hub launched jointly by ASTRI and the Hong

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Irish Financial Risk Solutions Comes to Asia

Financial Risk Solutions (FRS), a Dublin-based provider of unit-linked investment administration and compliance oversight software, is pleased to announce the opening of two offices in Asia;  Hong Kong and Malaysia. These are the first offices outside of Europe for the business. The decision

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A Fintech Supervisory Chatroom for Hong Kong

The Hong Kong Monetary Authority (HKMA) launched a Fintech Supervisory Chatroom . The Chatroom is a new feature of the Fintech Supervisory Sandbox 2.0.  It seeks to provide supervisory feedback to authorized institutions (AIs) and technology firms at an early

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Citi Explores 10 Disruptive Innovations in New Report

Citi Global Perspectives and Solutions (Citi GPS) has released the fifth edition of its Disruptive Innovations series, detailing ten exciting new trends in the areas of genetics, robotics, blockchain, the Internet of Things (IoT), and more. Blockchain in commodities Blockchain,

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Major breakthrough in Digital Asset Management. Covesting goes Live with ICO

Covesting’s ICO is opening to the public on November 24th, following up a very impressive Pre-ICO where they raised over $1.1 million dollars. Covesting is a copy-trading platform for cryptocurrency where regular investors and cryptocurrency trading pros can meet. Covesting’s

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PAG Acquires Control of ZHENAI.COM, China’s Largest Online Matchmaking Business

Zhenai Inc.  China’s largest online matchmaking and dating service provider, announces that PAG, one of the largest investment firms in Asia, has closed the acquisition of a super-majority controlling interest in Zhenai. The transaction size is not disclosed. Founded in

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Cyberport University Demo Day Awarded 12 Fintech Teams Each $100,000 Seed Funding

Cyberport is dedicated in nurturing the new generation of digital technology talents and entrepreneurs. Its FinTech-focused Cyberport University Partnership Programme (CUPP), running in its third year and supported by a number of industry partners, provides students with FinTech aspiration a

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Launch Of Cyberport Investors Network To Drive Deal Flow

The Cyberport Venture Capital Forum 2017 (CVCF) successfully concluded s. The two-day (1-2 November) forum has gathered the world’s influential venture capitalists, investors, key industry players and stakeholders as well as digital tech start-ups at Cyberport to share insights on

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Data Shows The Rapid Growth And Boom Of The Asian Fintech Market

According to a report by Forbes, data from CB Insights shows that Fintech financing in Asia-Pacific doubled to $11.2 billion in 2016, from $5.2 billion in 2015. Global investment in fintech were $23.2 billion. The growth in total value of fintech investments were in large part due to

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