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Golden Bull Regains Nasdaq Compliance, Completes USD 2.6 Mln Financing
Golden Bull, 5/15/20
China's Golden Bull (Nasdaq: DNJR), which previously announced a pivot from P2P online lending to car rental and bitcoin mining businesses, announced today that it received a written notification from the Nasdaq Stock Market Listing Qualifications Staff indicating that the company had regained compliance with the USD 1.00 minimum closing bid price requirement for continued listing on the Nasdaq Stock Market and the matter is now closed. Read More
Golden Bull Posts H1 2019 Net Loss of USD 6.5 Mln
Golden Bull, 1/30/20
Golden Bull (Nasdaq: DNJR), which formerly operated an online peer-to-peer (P2P) lending platform in China that provided borrowers access to short-term loans, today announced its financial results for the six months ended June 30, 2019. Read More
Fintech Company 9f Group Completes Series E
iYiou, 9/27/18
Beijing-based fintech company Jiufu Jinke Holdings Group (9f Group) recently completed an undisclosed amount of Series E funding from SBI Holdings, the investment arm of Japanese financial giant SBI Group. Read More
P2B Online Lending Platform PPmoney Completes RMB 600 Mln Series C Funding
PPmoney, 7/14/18
Guangzhou-based Wanhui Investment Management (430705.NEEQ), operator of P2B online lending platform PPmoney, recently announced the completion of RMB 600 mln in Series C funding from Guoneng Jinhui Asset Management, Huiyin Deqing Equity Investment Fund Management, Mingtai Capital, and Guotai Daohe Technology. Read More
JD.com Records GMV of RMB 159 Bln during 18-day '618' Promotion
Sina Tech, 6/19/18
Chinese B2C e-commerce platform JD.com (Nasdaq: JD) said today that gross merchandise volume for the "618" (June 18) e-commerce holiday period (12:00AM June 1, 2018 through 11:59PM June 18, 2018) reached RMB 159.2 bln. Read More
Rumor: China's Banking Regulator to Consolidate Micro Lending Industry
International Financial News, 11/22/17
The Financial Stability and Growth Committee of China's State Council, the country's cabinet, has instructed the China Banking Regulatory Commission (CBRC) to clean up and rectify the online lending market, according to an industry insider cited by International Financial News. Read More
Mobile Rent Installment Platform 58 Fangdai Raises RMB 300 Mln Series E Funding
Lieyunwang, 8/25/17
Nanjing-based Banghang Investment Management, operator of mobile rent installment platform 58 Fangdai, recently announced completion of RMB 300 mln in Series E funding led by Mingdao Jinkong. Read More
China Bans Online Lending Services to Students
Finance Office of People's Government of Jiangxi Province, 6/16/17
China has decided to ban companies from offering online lending services to students, according to a notice issued by the China Banking Regulatory Commission (CBRC), Ministry of Education (MOE), and Ministry of Human Resources and Social Security (MOHRSS) published on the Jiangxi Provincial Government Finance Office website. Read More
Mobile Rent Installment Platform 58 Fangdai Secures RMB 8-digit Series D+
Lieyunwang, 4/01/17
Nanjing-based Banghang Investment Management, operator of mobile rent installment payment platform 58 Fangdai, has completed RMB 8-digit Series D+ funding led by Chinese conglomerate Shuangliang Group. Read More
Rent Installment Platform 58 Fangdai Completes Series D Financing
iYiou, 1/19/17
Nanjing-based Banghang Investment Management, operator of mobile rent installment payment platform 58 Fangdai, has reportedly completed USD 8-digit Series D funding. Read More
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