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Exclusive: Chinese regulators to push tech giants to share consumer credit data - sources
HONG KONG (Reuters) - China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing's latest tightening of scrutiny.
Go-Jek snags investment from Thailand’s largest lender
Ride-hailing giant Go-Jek has secured an investment from Siam Commercial Bank Pcl, the Thai lender that counts King Maha Vajiralongkorn as its biggest shareholder, according to people familiar with the matter.
Google teams with banks to launch digital lending for India
Alphabet Inc’s Google is partnering with four Indian banks to grant consumer loans online, as the fight for a US$1tril (RM4.09tril) digital finance market intensifies.
China court uses social media to shame debtors
A local court in the eastern Chinese city of Wenzhou is using social media to shame people into repaying their debts.
China live streaming: Would-be Internet stars boost billion-dollar market
Jing Qi, a part-time presenter on the live streaming platform Huajiao, underwent cosmetic surgery in March to improve her chances of becoming an Internet celebrity.
British lender Wonga warns customers of personal data hack
British lender Wonga has warned customers in Britain and Poland that their personal data may have been stolen in the latest major corporate security breach.
Ride-hailing firm Grab agrees to buy Indonesian payment startup Kudo
Southeast Asian ride-hailing firm Grab said it has agreed to buy Indonesian online payment startup Kudo, marking the first investment under a recently announced plan to commit US$700mil (RM3bil) to its largest market.
Meet the Ma family: How millennials are changing the way China thinks about money
Ma Yiqing, 24, is typical of China's younger generation – he uses his credit card frequently and borrows from online platforms to fund his shopping habits. In a pinch, he is happy to fall back on a lender closer to home – his mum and dad.
Automated lenders threaten to eat banks' lunch
When Kevin Pereira needed a loan last year for his shaving gear business, his bank, Wells Fargo, considered his application and turned him down.
