Posts From Vincent Fong

Tencent’s Fintech & Cloud Unit Generates US$ 3.1 Billion in Q1 of 2019

In their quarterly results announcement, Tencent revealed that its fintech and cloud services generated RMB21.8 billion (US$ 3.1 Billion) in the first quarter of 2019, a 44% year-on-year growth. This quarter marks the first time the Chinese internet giant is

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Hong Kong Gets Its First Equity Crowdfunding Platform, Well Kinda

Earlier this week, South Morning China Post reported that Hong Kong’s Securities and Futures Commission has issued its first equity crowdfunding license to AngelHub. As someone who is actively keeping track of the scene, I received this news with much

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HKMA is Rumoured to be Granting Virtual Banking Licenses to China’s Fintech Giants

Since its announcement in early 2018, HKMA’s virtual banking license has attracted strong interest from the industry to seek regulatory approval to operate a virtual bank. It is reported that within a short time frame the regulator saw over 29

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