Financial Services

WeLab raises US$156M in Series C strategic financing, completing the largest fintech fundraising in Greater China in 2019

HONG KONG, Dec. 12, 2019 /PRNewswire/ -- WeLab, a leading fintech company in Asia, today announces that is has raised US$156 million (equivalent to over HK$1.2 billion) of Series C strategic financing, completing the largest fintech fundraising inGreater China, year to date. This round drew the b...

2019-12-12 15:24 3291

UnionPay International Partners uab bank to Enable UnionPay Contactless Payment Acceptance in Myanmar

YANGON, Myanmar, Dec. 12, 2019 /PRNewswire/ -- Global payment network UnionPay has partnered with uab bank to enable acceptance of UnionPay Contactless payment at a variety of retail, food & beverage, telecommunication, homeware and other merchants inMyanmar. Beginning with enabling UnionPay Cont...

2019-12-12 13:28 3532

Nexus International School (Singapore) announces issuance of SGD150M of S&P AA-rated bonds

SINGAPORE, Dec. 12, 2019 /PRNewswire/ -- Nexus International School (Singapore) is pleased to announce the issuance ofSGD 150 million of twelve-year amortizing bonds which have been rated AA by S&P Global Ratings (S&P). The bonds are guaranteed by Credit Guarantee and Investment Facility (CGIF), ...

2019-12-12 13:04 5636

Forrester Continues To Expand Its Certification Portfolio; Introduces New SiriusDecisions B2B Marketing Certification Program

SINGAPORE, Dec. 12, 2019 /PRNewswire/ -- Forrester announced the launch of its new SiriusDecisions B2B Marketing Certification

2019-12-12 11:13 1537

Assured Asset Management Launches Supply Chain Finance Solution with Shui On Group

HONG KONG, Dec. 12, 2019 /PRNewswire/ -- Assured Asset Management ("Assured"), a Hong Kong-based technology-driven asset manager, has launched its Traceable Accounts Payable ("TAP") platform with the Shui On Group. TAP is a blockchain-based digital payment system backed by approved supplier accoun...

2019-12-12 10:15 5804

KPMG announces strong FY19 global revenue growth

Global revenues increase by 6.2% to reach record of US$29.75bn as multi-year collective strategy implementation continues at pace.   LONDON, Dec. 12, 2019 /PRNewswire/ -- KPMG today announced record revenues of $29.75 billion for the fiscal year ending 30 September 2019 (FY19), representin...

2019-12-12 08:52 2011

Tenth Record-Breaking Year in a Row for ZEISS

STUTTGART, Germany, Dec. 11, 2019 /PRNewswire/ -- The ZEISS Group continued its growth trajectory, with revenue and earnings reaching new heights in fiscal year 2018/19, which ended30 September 2019. Revenue grew by 11 percent, reaching 6.428 billion euros (previous year: 5.817 billion euros). Adj...

2019-12-11 20:59 2343

INSEAD to Open First Permanent Facility in North America

SAN FRANCISCO, Dec. 11, 2019 /PRNewswire/ -- INSEAD, one of the world's leading and largest graduate business schools, today announced the establishment of the INSEAD San Francisco Hub for Business Innovation . Opening in February 2020, the location in downtow...

2019-12-11 20:18 3112

Acorn International Reports Financial Results for the Third Quarter of 2019, Declares Quarterly Dividend

SHANGHAI, Dec. 11, 2019 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company inChina, today announced its preliminary unaudited financial results for the quarter and nine months endedSeptember 30, 2019. Third Quarter 2019 Fina...

2019-12-11 19:30 15987

Cango Inc. Named in EqualOcean's Rankings for Top 20 Most Innovative Automotive Fintech and Service Providers Worldwide in 2019

BEIJING, Dec. 11, 2019 /PRNewswire/ -- Cango, Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading automotive transaction service platform inChina, has been named to the list for the Top 20 Most Innovative Automotive Fintech and Service Providers Worldwide in 2019. Conducted by EqualOcean and ...

2019-12-11 19:00 17174

AXA Hong Kong announces the latest AXA Wellness Index

* AXA Wellness Index is rated at 59 points out of 100. * Social and financial wellbeing are the dimensions showing least satisfaction at 50 points and 54 points respectively. * Among 34 attributes contributing to overall wellbeing, social stability scored the lowest (30 points). * For ment...

2019-12-11 18:02 2891

Renren Announces Plan to Implement ADS Ratio Change

BEIJING, Dec. 11, 2019 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates a leading premium used auto business inChina through its subsidiary Kaixin Auto Holdings (NASDAQ: KXIN) as well as several U.S.-based SaaS businesses, today announced that it plans to chang...

2019-12-11 18:00 16352

Hong Kong tops global IPO market in 2019 spurred by mega-sized deals, according to KPMG China

HONG KONG, Dec. 11, 2019 /PRNewswire/ -- The Hong Kong bourse once again ranked first globally in terms of IPO proceeds, at a time of global uncertainties, cementing its position as the world's leading IPO hub, according to KPMG's IPO markets 2019 review report. By the end of 2019, Hong Kong wil...

2019-12-11 17:51 2523

HKEX Stock Connect Awards 2019 Celebrates Achievements of Market Participants

* Record year on Northbound Stock Connect celebrated by Hong Kong trading community * New award in 2019 for top-performing brokers contributing to A-share index inclusions HONG KONG, Dec. 11, 2019 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) today (Wednesday) was delighted ...

2019-12-11 17:47 2271

"Sunday" the Southeast Asian Insurtech Raises USD 11 Million Series A2 Led by Quona Capital

BANGKOK, Dec. 11, 2019 /PRNewswire/ -- Sunday, a leading full-stack insurtech based inThailand, has raised a USD 11 million extension round to its Series A financing. The round was led by Quona Capital, a leading fintech venture firm whose funds are anchored by Accion, with participation from exi...

2019-12-11 17:19 3272

HPD LendScape Acquires Software Consultancy, Finaptix, to Accelerate Global Growth

LONDON, Dec. 11, 2019 /PRNewswire/ -- Working capital finance software provider, HPD LendScape, has acquired leading software implementation consultancy, Finaptix, in a move to address the asset finance sector, extending its LendScapeÒ platform to all forms of secured lending. The deal adds indu...

2019-12-11 17:00 1480

TradingView Launches Top Brokers Product to Increase Financial Transparency and Accountability

NEW YORK, Dec. 11, 2019 /PRNewswire/ -- TradingView , a global financial technology firm, today announced the launch of Top Brokers on TradingView. The product was built to create more trust, transparency, and inclusion between brokerages and investors. Top Brokers o...

2019-12-11 16:23 999

FinVolution Group's Subsidiary Receive Approval to Connect to The People's Bank of China Credit Reference Center

SHANGHAI, Dec. 11, 2019 /PRNewswire/ -- FinVolution Group (formerly known as "PPDAI," or the "Company") (NYSE: FINV), a leading fintech platform inChina, today announced the People's Bank ofChina (PBOC) has approved the Company's online micro-lending subsidiary to be connected to the PBOC Credit ...

2019-12-11 16:00 16705

TCL Electronics Awarded "Listed Company Awards of Excellence" for Two Consecutive Years

HONG KONG, Dec. 11, 2019 /PRNewswire/ -- TCL Electronics Holdings Limited ("TCL Electronics"or "the Company", HKSE stock code: 01070.HK) is pleased to announce that with its outstanding performance and excellent corporate governance, it has won the "Listed Company Awards of Excellence 2019" from ...

2019-12-11 14:39 4533

CapBridge, Dun & Bradstreet, and Singapore Commercial Credit Bureau Form Partnership to Provide Private Market Investors with Robust Information, Data, and Analytics

SINGAPORE, Dec. 11, 2019 /PRNewswire/ --  * Dun & Bradstreet and Singapore Commercial Credit Bureau will provide business intelligence on companies that are raising capital with CapBridge, empowering and supporting private investors in their investment decisions * Information provided include...

2019-12-11 14:03 4558

Week's Top Stories