Soul Htite, executive chairman of China’s Dianrong and a veteran of the US financial services market, contemplates peer-to-peer (P2P) lending opportunities after raising $70 million from Japan’s Orix Asia Capital and CITIC Securities-owned CLSA
Q: How would you describe the P2P lending opportunity in China at the moment? A: China is the world’s largest market for P2P or marketplace lending. Even so, there remains an enormous unmet demand...
The Asian Development Bank (ADB) has agreed to invest $25 million in Exacta Asia Investment II (Exacta II), a Southeast Asia-focused vehicle launched last year by Japan’s Mizuho Bank.
Bcause, a US-based cryptocurrency services company backed by SBI Holdings has received a commitment of undisclosed size from China Health Checkmate (CHC) to support an Asian expansion.
Wukongbao, a Beijing-based online insurance broker, has raised millions of US dollars in a Series B round led by Chinese classifieds platform 58.com, with participation from Guohua Life Insurance.
China Everbright has completed the first close of RMB800 million ($115.4 million) on its third healthcare fund. The overall target for the vehicle is around RMB1.5 billion.