China: WeiyangX Fintech Assessment

Shanghai Reveals 2^nd Batch of Tasks for its Fintech Sandbox

On December 31^st 2020, the Shanghai Fintech Innovation Supervision Pilot Working Group revealed the second batch of tasks for its fintech sandbox. The 5 modern tasks centered on cutting-edge applied sciences akin to massive information, multi-party safe computation and picture recognition, bridging the “digital divide” by offering extra accesses of inclusive monetary providers for people and SMEs. Candidates for this spherical of sandbox included financial institution, clearing establishments, cost businesses and know-how firms. (Supply: mpaypass)

Bilibili plans to launch cost providers

Bilibili is an internet leisure platform protecting a wide selection of genres and media codecs, together with movies, stay broadcasting and cell video games.

Based on the information on January 6^th, 2021, Shanghai Hode Data Know-how Co (an affiliate of Bilibili) has registered domains of “bilibilipay.com” and “bilibilipay.cn”. Like Alipay, Tenpay, and JD Pay, such domains can normally be translated as “Bilibili Pay”. In actual fact, Bilibili has began recruiting cost business-related positions on its official web site and lots of recruitment web sites since November final yr. Based on the job description, “the cost PM shall be liable for pockets design and payment-related merchandise total plan”. (Supply: tech618)    

Agriculture Administration Platform ICAN Know-how Secures Pre-A Spherical of Financing

ICAN Know-how, an built-in platform for sensible cultivation and agriculture administration, introduced the completion of a Pre-A spherical of financing of tens of tens of millions of yuan. The funding was offered by Linear Capital and Hillhouse Capital. Established in 2018, ICAN Know-how is dedicated to rising the low stage of digitization in Chinese language agriculture business.

Via its AI algorithms and cultivation fashions, ICAN Know-how presents customers well timed information administration and correct solutions. Ove the years, ICAN Know-how has additionally prolonged its providers to the supply-chain by offering agricultural financing and insurance coverage merchandise. (Supply: 36Kr)

Financial institution of Beijing Launches Fintech Innovation Laboratory

On January 4^th, 2021, the Financial institution of Beijing introduced the institution of a monetary innovation laboratory within the Beijing Municipal Administrative Heart.

Based on the Financial institution of Beijing, the brand new company will concentrate on driving system upgrading, exploring venture innovation, and selling expertise cultivation. Moreover, the Financial institution of Beijing revealed that it was presently in negotiations with the Institute of Automation of the Chinses Academy of Sciences (CAS) to hold out collaboration within the areas of AI and massive information. (Supply: financialnews.com.cn)

The above is a weekly synopsis of the largest tales on Fintech in China offered by WeiyangX, a part of Tsinghua College, in partnership with Crowdfund Insider.

WeiyangX is probably the most influential web site specializing in Fintech in China. The positioning covers the newest information, business information evaluation, enterprise practices, and in-depth Fintech circumstances in Fintech. WeiyangX is incubated by Fintech Lab. Based by Tsinghua College’s Folks’s Financial institution of China (PBC) Faculty of Finance in 2012, the Fintech Lab is the primary and main analysis entity devoted to main greatest practices, selling interdisciplinary innovation, and inspiring entrepreneurship within the discipline of fintech by scientific analysis and modern venture incubation.