WeBank

China’s digital yuan wallet now has 260 million individual users

One of the fastest-growing apps in China right now, by installs, is the central bank’s digital yuan wallet: 261 million individual users (as opposed to enterprises), about one-fifth of the popul

China court blacklists cash-strapped apartment rental startup Danke

As financial troubles escalate at Danke, China’s authorities are stepping in to hold the once-promising apartment rental and sharing company accountable. In recent weeks, landlords who did not r

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

Tencent Launches China’s First Private Online Bank

Tencent, one of the top Internet companies in China, launched the country’s first private online bank today. Called WeBank after Tencent’s popular messaging app WeChat, the financial institution i