(Reuters) – China’s Ant Financial Services Group is in talks with investors to raise at least $8 billion in its next planned round of funding, potentially valuing the company at about $150 billion ahead of…
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China’s Ant ups fundraising target, valuation could hit $150 billion: sources
China’s President Xi just moved to ease concerns about global trade — and financial markets love it
Chinese President Xi Jinping’s speech at the Boao Forum appears to have gone down well with investors across Asia. Based on wire headlines from Reuters, Xi made all the right noises when it came to…
Technology is Transforming China’s Consumer Finance Market, Lexin Tells LendIt Fintech USA
In the next five years, the financial industry will be revolutionized as customer service is handled almost completely by artificial intelligence, Lexin’s Chief Risk Officer Ryan Liu told LendIt Fintech USA in an address titled…
WSJ: China’s Ant Financial Plans $9 Billion Round of Fresh Financing
Jack Ma’s financial technology business Ant Financial plans to raise $9 billion in its latest round of funding, that could value the company at $150 billion, the Wall Street Journal reported on Tuesday, citing people…
China’s Ant ups fundraising target, valuation seen rising to $150 billion: sources
HONG KONG/SINGAPORE (Reuters) – China’s Ant Financial Services Group is in talks with investors to boost its fundraising target to at least $8 billion, which could see its valuation more than doubling to about $150…
Chinese International Students Are the New Brand Champions
With first-hand access to the latest trends from a wide variety of luxury brands, Chinese students abroad have become unofficial opinion leaders for their friends and peers back home. According to a survey conducted by…
Stock markets rise as China extends olive branch to U.S. in trade dispute
“China’s door of opening up will not be closed and will only open wider.” Xi said Beijing plans to ease restrictions on foreign ownership in the auto industry “as soon as possible” and he also…
In US-China tariff fight, German autos are unlikely victims
DETROIT — At the edge of the Blue Ridge Mountains sits a sprawling factory that has become an unlikely victim in the escalating trade fight between the U.S. and China. The plant near Spartanburg, South…
Standard Bank works Chinese connections in Francophone West Africa
ABIDJAN (Reuters) – Standard Bank (SBKJ.J) will partner with its biggest shareholder Industrial and Commercial Bank of China (ICBC) (601398.SS) to capitalize on a Chinese investment drive into Ivory Coast and establish a regional hub…
China’s Ant Financial aims for $9 billion in new funding: WSJ
(Reuters) – Chinese billionaire Jack Ma’s online payments business Ant Financial now plans to raise $9 billion in its next planned round of funding, potentially valuing the company at $150 billion ahead of an expected…
China extends olive branch to U.S. in escalating trade war
Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech seen as conciliatory amid rising trade tensions between China and the…
After China’s massive drill, U.S. patrols disputed South China Sea
ABOARD THE USS THEODORE ROOSEVELT, South China Sea (Reuters) – In a span of 20 minutes, 20 F-18 fighter jets took off and landed on the USS Theodore Roosevelt aircraft carrier, in a powerful display…
Nokia gets a big piece of China Mobile optical transport gig
The world’s biggest MNO – China Mobile – recently held a central bid to supply equipment for its regional optical transport network, in which it ranked Nokia top. The gig seems to be that a…
