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CHINESE FINTECH
From lottery draws to fiscal spending, China broadens digital yuan footprintIn a series of measures, many revealed here for the first time, the People's Bank of China (PBOC) is giving banks policy incentives and beh...- Tether to launch 'official' stablecoin in Georgia, with government supportTether, a major stablecoin issuer, is set to launch a digital token for the Georgian lari. This move has the backing of Georgia's governmen...
- Elevation Capital sells Rs 964 crore Paytm Shares via block dealsOver the past nearly two years, Elevation Capital and AntFin — the financial affiliate of Alibaba Group, have emerged among the biggest sel...
- Elevation Capital offloads around Rs 964 crore worth of shares in PaytmElevation Capital, an early investor in Paytm, has sold shares worth Rs 964 crore through block deals. This follows a trend of early invest...
- Gen Z and AI: As AI takes centre stage, youth stand in disapprovalYoung people express growing anger and anxiety about artificial intelligence. AI is reshaping industries and impacting jobs globally. Tech ...
- Amazon primes a Blinkit showdown; New insurance models prop upHappy Tuesday! Amazon's late but strong push into quick commerce is unsettling market leader Blinkit. This and more in today's ETtech Morni...
- Payments companies see PoS pause on war-related imports squeezeIndia's digital payments sector faces a critical shortage of new point-of-sale (PoS) terminals due to disruptions in imports from China and...
- The ex-JPMorgan banker at the center of harassment suit against Lorna Hajdini just quietly left his new job tooIn a shocking development on Wall Street, ex-JPMorgan banker Chirayu Rana's lawsuit against Lorna Hajdini has taken a surprising twist. Jus...
- Deeptech bets heat up; Paytm, PB Fintech, Meesho earningsHappy Thursday! VCs are doubling down on India’s deeptech, with early-stage bets leading the charge. This and more in today’s ETtech Mornin...
- Eternal Q4 pops; Snabbit's new war chestZomato and Blinkit parent Eternal reported strong numbers for the March quarter. This and more in today's ETtech Top 5.
- Paytm’s cap table turns Indian: What changes now?Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This ...
- Digital lender Kreditbee in unicorn club with $280 million at $1.5 billion valuationDigital lending firm Kreditbee has raised $280 million, becoming a unicorn with a $1.5 billion valuation. This funding marks their last pri...
- Ant Group quarterly profit falls 60% to $663 millionAlibaba said the decrease in profit for Ant Group was mainly attributable to "investments in new growth initiatives and technologies, and t...
- Ant Group quarterly profit falls 60% to $663 millionChinese fintech company Ant Group posted a 60.5% slide in net profit to 4.74 billion yuan ($662.7 million) in the three months to March 31,...
- Jack Ma to give up control of Chinese fintech company Ant GroupChina's Ant Group said on Saturday that its founder Jack Ma no longer controls the Chinese fintech giant after a series of shareholding adj...
- Fintech companies, NBFCs funded by Chinese money generated Rs 950-cr slush funds in India: EDThe Enforcement Directorate (ED), therefore, recently attached Rs 86.65 crore worth funds lying in a total of 155 bank and payment gateway ...
- Chinese smartphones sell in India, but no takers for their fintech appsMi Pay and Realme PaySa recorded 4,80,000 and 10,000 monthly UPI transactions throughout 2020. That compares with PhonePe's 902.3 million a...
- India tops China in fintech funding in Jan to March; tie in deal numbersDuring the period, VC-backed fintech activity dropped to $6.1 billion across 404 deals, the worst Q1 since 2016 for fintech deals.
- FinUp finances SlicePay in Series A, deal estimated at $15 millionFintech experts say such investments and partnerships are likely to help Indian entrepreneurs looking for funding as well as ideas from mor...
- Chinese lenders out for a taste of IndiaWhile India’s rapidly growing fintech sector appears greener to the Chinese companies because of a regulatory clampdown back home, domestic...
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