JD Finance

How a Chinese anti-virus software maker builds a fintech firm to wrestle with giants

360 Finance, an online consumer loan platform that spun off from China’s anti-virus service giant 360 Group, has joined a raft of Chinese fintech companies to go public in the U.S. over the last

The SaaS VC gap: China & other markets trail the US

Chinese startups rule the roost when it comes to total reported venture dollars raised so far in 2018. That is, mostly. In one key category at least — software-as-a-service, better known as SaaS —

Alibaba’s arch rival JD.com spins out its financial services business

While Alibaba’s Ant Financial fintech affiliate is out doing deals to expand its global presence and raising a $3 billion war chest for further M&A, its chief rival in China has made a str

JD.com’s Financial Services Arm Lands $1B Led By Sequoia China At $7.1B Valuation

Alibaba isn't the only e-commerce service in China with a financial services arm capable of raising large amounts of external funding. While Alibaba's Ant Financial raised an undisclosed round last su