Posts Tagged: banking in china

Seeing strong demand, Alibaba raises share price range for this week’s IPO

Alibaba’s financial arm earns approval to open a private bank

The Chinese ecommerce giant continues to get serious about entering the banking sector.

  • September 29, 2014
  • at 9:13 pm
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chinese money renminbi rmb currency

WeChat’s online savings fund rakes in $130 million in deposits on first day

Just over a week ago Tencent launched Licaitong for WeChat, a consumer investment fund that lets Chinese users store savings in a money-mark...

  • January 30, 2014
  • at 6:00 pm
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How does Alibaba respond when China cracks down on investment products? It launches another investment product.

Chinese tech giant Alibaba rolled out its second investment-themed offering today, and it’s probably not what followers of the company...

  • March 26, 2014
  • at 6:19 pm
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