Tagged: baidu

NFTs: Ant Group, Tencent Now Part of Efforts to Prohibit Crypto Transactions

As part of a self-discipline initiative, China’s leading technology companies have reportedly decided to enforce “real-name” authentication for NFT (or non-fungible token) buyers and also want to help users avoid secondary marketplaces The agreement (not legally binding at the moment) serves as confirmation from the… Read More

Gaming and Media Industry are Leading the Metaverse Movement: Report

The Metaverse, a relatively new concept and a term used to describe a shared, immersive digital ecosystem supported by the use of VR and augmented reality (AR) technologies, has quickly become one of the fastest-growing trends in the digital economy. It’s notably a nascent industry… Read More

China: WeiyangX Fintech Review

Insurtech platform Shuidi closed its mutual insurance service On March 26th, Insurtech platform Shuidi announced that it would close its mutual insurance service at 18:00 on March 31st, 2021. Prior to this, members who were unfortunately diagnosed with a serious illness could continue to apply… Read More

China: WeiyangX Fintech Review

Cybersecurity Insurance Provider Yuanbao Tech Completes A Round of Financing led by GL Ventures On August 28th, cybersecurity insurance service provider Yuanbao Tech announced that it had completed a ¥ 10-million-level A round of financing. The investment was led by GL Ventures, with participation from… Read More

Blockchain Adoption: Nearly All of China’s Largest Financial Institutions are Using Distributed Ledger Technology

Over 70 Chinese financial services companies, including all state-managed banking institutions and the nation’s largest technology firms, are currently using some type of blockchain or distributed ledger technology (DLT)-enabled financial applications. This, according to the Industrial and Commercial Bank of China (ICBC), a multinational Chinese… Read More

China: WeiyangX Fintech Review

Tencent LiCaiTong Releases “Online Wealth Management Behavior and Security Report (2019)“ On January 14th, LiCaiTong, Tencent’s wealth management platform, and National Institution for Finance & Development (NIFD) jointly released the “Online Wealth Management Behavior and Security Report (2019)”. The report published the 2019 online wealth… Read More

China: WeiyangX Fintech Review

Xiong’an to Launch “Financial Island” and Regulation Sandbox On November 13th, Zhu Zhongwen, deputy director of the Reform and Development Bureau of Xiong’an New Area Administrative Committee, revealed that a “Financial Island” of about 2.5 square kilometers would be built in the Xiong’an New Area… Read More

China: WeiyangX Fintech Review

Xiaomi Eyes Consumer Financing and B2B Lending in India Chinese smartphone giant Xiaomi plans to enter the consumer finance and business-to-business (B2B) loan market in India. Xiaomi has followed the Indian company law and established a non-bank financial institution “Xiaomi Financial Services India” to apply… Read More

More Crypto Censure in China as Baidu Search Censors its Tieba Forum

Chinese search giant Baidu will no longer allow discussions of crypto on its popular forum site, Baidu Tieba, China Times reports. The decision is the latest in a spate of recent crackdowns being waged against crypto-industries in China, actions seeking to give teeth to a… Read More

China: WeiyangX Fintech Review

Chinese Fintech Enterprises Raised ¥230 billion (USD $ 2.64 billion) in the First Half of the Year The integration of technology and finance has become a major trend in the development of the financial industry. The investment enthusiasm of the capital market for financial technology… Read More

Baidu Baike, China’s Wikipedia, Now Tracking Revisions on a Blockchain

Coindesk is reporting that Baidu Baike, China’s Wikipedia-style site, is now tracking revisions made to articles on a blockchain. According to Coindesk reporter Wolfie Zhao, Baidu has not yet publicly announced blockchain developments at Baidu Baike, although they did confirm with Zhao over WeChat that… Read More

China: WeiyangX Fintech Review

Renren Calls an End to its ICO Project It was reported that Renren has closed its RRCoin ICO project after a talk with China’s regulatory authorities. Among the 1 billion RRCoins that were planned to issue, 40% would have beeen allocated to private equity, 25%… Read More

China: WeiyangX Fintech Review

China Financial Stability Committee established in Beijing On November 8th, the China Financial Stability Committee was officially launched. This is a subordinated department under the State Council, of which Vice Premier Ma Kai will serves as the head. To be specific, the committee will be… Read More

China: WeiyangX Fintech Review

  The State Council of China Encourages the Development of a Smart Supply Chain The State Council on October 13, 2017, released a guideline on promoting the innovation and application of the supply chain. The document was aimed at establishing a smart supply chain system… Read More

China: WeiyangX Fintech Review

CBRC Issues Official Information Disclosures Guidelines for P2P Lending Platforms On August 25th, the China Banking Regulatory Commission (CBRC) officially unveiled the final version of Guidelines on Online Lending Information Disclosure Requirement. The document was released based on a pilot tighter information disclosure initiative announced… Read More

China: WeiyangX Fintech Review

Baidu Partners With PayPal to Tap Cross-border Payments On July 28, Baidu annouced a strategic agreement with PayPal to tap oversea merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. The partnership allows Baidu Wallet users to make online purchases outside… Read More

China: WeiyangX Fintech Review

Tsinghua PBCSF Global Finance Forum (2017) convened in Beijing On June 3, 2017 Tsinghua PBCSF Global Finance Forum, which was hosted by Tsinghua University, and organized jointly by the Tsinghua University PBC School of Finance (PBCSF) and Tsinghua University National Institute of Financial Research (NIFR),… Read More

China: WeiyangX Fintech Review

Chinese Tech Giant Baidu to Quit Crowdfunding Market Search engine giant Baidu Inc. is to quit crowdfunding market and pay more attention on artificial intelligence”]. Users will not see the “Baidu Crowdfunding” channel when they log in their Baidu Finance account, but will still be… Read More

China: WeiyangX Fintech Review

WeChat Enters the U.S. Market WeChat Pay, one of the biggest mobile payment platforms in mainland China, has boosted its cross-border business by entering the U.S. market. With the backing of China’s largest social networking app WeChat, which now claims more than 889 million monthly… Read More

China: WeiyangX Fintech Review

CBRC Releases “Guideline” to Regulate Funds Custody of Online Lending Platforms On February 23rd, the China Banking Regulatory Commission(CBRC)released new guidelines to regulate funds custody of online lending platforms. According to the guidelines, online lending platforms and banks must follow the regulation to restructure their funds… Read More

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