Searching for "Sesame Credit"
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Hangzhou-based Chuiyi Network Technology, operator of subscription men's apparel service "Champzee," recently completed Series A3 funding led by Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA), with participation from China Broadband Capital's Chenshan Fund. Read More
Chinese internet conglomerate Tencent (0700.HK) has launched nationwide public beta testing of a credit rating system. Read More
The city of Hangzhou has begun trial operation of a housing rental monitoring and services platform that combines the management system of the "Hangzhou Second-hand Housing Trading Oversight Services Platform" and an evaluation system covering multiple dimensions at multiple stages from before, during, and after rental. Read More
The Hangzhou Urban Management Committee recently established over 50 "public credit service kiosks" in densely trafficked areas such as metro stations in order to strengthen the development of consumer credit systems. Read More
Telecom operator China Unicom (NYSE: CHU; 0762.HK; 600050.SH) recently announced that it will add a credit rating mechanism in partnership with consumer credit rating service operator Sesame Credit Management, a subsidiary of Alibaba Group's (NYSE: BABA) financial services affiliate Ant Financial. Read More
Beijing-based Bikelock Technology, operator of mobile bicycle-sharing app Ofo, recently announced it has landed an undisclosed amount of strategic funding from Ant Financial, the financial services affiliate of Chinese e-commerce conglomerate Alibaba Group (NYSE: BABA). Read More
Nanjing-based Banghang Investment Management, operator of mobile rent installment payment platform 58 Fangdai, has reportedly completed USD 8-digit Series D funding. Read More
Shanghai-based Yueyi Information Technology, operator of electronic products recycling platform Aihuishou.com (literally "Love to Recycle"), has announced the completion of RMB 400 mln Series D funding in a round jointly led by Cathay Capital and Shenzhen Fortune Venture Capital, and with participation by a number of existing and new stakeholders, including Tiantu Capital, e-tailer JD.com (Nasdaq: JD), Morningside Ventures, Greenwoods Asset Management, and Shenzhen Qianhai Fund of Funds. Read More
Chinese third-party payment processor Alipay has rolled out a number of invitation-only social groups based on tagged social identities or affinities, such as "Overseas Educated Chinese Returnee Elites," "US TV Shows," and "Eligible Singles," according to various Alipay users who have received invitations to join the groups. Read More
Consumer credit rating service provider Sesame Credit, a subsidiary of Alibaba Group's (NYSE: BABA) financial services affiliate Ant Financial, recently started closed beta testing for an enterprise credit service, according to a source connected to the company. Read More