In the News

The Standard: Meeting of Minds

September 25, 2017

When Maggie Ng Yuk-yu first met Soul Htite from Dianrong, it was like a line from the Pet Shop Boys’ Opportunities: “I’ve got the fin, you’ve got the tech, let’s make lots of money.” Then the regional head of unsecured lending at Citibank, Ng had spotted a problem and found a solution – but she just did not have the technological know-how to push her idea through.

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Reuters: Singapore’s GIC Leads $220 Million Funding Round for Dianrong

August 2, 2017

HONG KONG (Reuters) – Chinese peer-to-peer lending platform Dianrong said on Wednesday it raised $220 million from a group of investors led by Singapore sovereign wealth fund GIC Pte Ltd, looking to step up research of new technology as it expands across China and explores ventures in other countries in the region.

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Coin Desk: Foxconn Reveals Plan for Blockchain Supply Chain Domination

March 13, 2017

Foxconn – best known for manufacturing Apple’s iPhone – last week demonstrated a blockchain prototype that resulted in $6.5m in loans being originated to members of its massive supply chain. The company has since laid out plans for a global network of nodes that could help non- bank lenders make direct loans in supply chains globally.

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