Tag Archives: Jimu Box

VENTURE FOCUS: Tiger Brokers Feeds on China Appetite for US Stocks

Bottom line: Tiger Brokers could see strong growth by banking on Chinese demand for US and Hong Kong stocks, but also faces some risk if Beijing decides to regulate the company as a financial firm.

Tiger eyes Chinese with appetite for US, HK stocks
Tiger Brokers eyes Chinese with appetite for US, HK stocks

I’m kicking off my new series on noteworthy venture-backed companies with the fast-growing Tiger Brokers, which is feeding off a Chinese love of stocks and growing demand for access to overseas markets. In the current climate where China’s own stock markets have become quite volatile and prone to big sell-offs, Tiger’s gateway to the US and Hong Kong stock markets could prove a potent draw to Chinese traders looking to diversify their portfolios with international stocks from more mature markets.

In a small but highly symbolic footnote to this story, Tiger is also finally giving Chinese investors access to many of China’s hottest companies that are traded overseas, including the Internet “big 3” of Baidu (Nasdaq: BIDU), Alibaba (NYSE: BABA) and Tencent (HKEx: 700). That could ultimately provide some upside for many of those stocks over the longer term, since Chinese investors are likely to boost trading volumes for many of these homegrown companies whose shares previously languished due to lack of familiarity among western investors. Read Full Post…

INTERNET: Buyers Beware, China Stock Names Aim To Mislead

Bottom line: A new wave of traditional Chinese firms are taking new high-tech names to fool local investors who often buy stocks with little or no knowledge of the companies, and should serve as a warning to foreigners interested in Chinese shares.

Real estate firm renames itself as Pi Tu Pi

An entertaining local media report is poking fun at the latest trend among Chinese companies, which is seeing many adopt high-tech sounding names in a bid to convince unsavvy investors that they are engaged in high-growth industries. But all joking aside, the report also casts a very real spotlight on the dangers of buying Chinese stocks for average international investors, who have been ramping up their purchasing via Hong Kong following the launch last year of the landmark Hong Kong-Shanghai connect program. Read Full Post…

News Digest: April 23, 2015

The following press releases and media reports about Chinese companies were carried on April 23. To view a full article or story, click on the link next to the headline.
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  • Visa (NYSE: V), MasterCard (NYSE: MA) Surge On China Move To End Card Monopoly (English article)
  • Chinese Banks Disobey Order To Support Housing Market (English article)
  • ZTE (HKEx: 763) Accuses Huawei Smartphones Of Intellectual Property Theft (Chinese article)
  • Lenovo (HKEx: 992) Recalls Nearly 90,000 ThinkPad Computers In China (Chinese article)
  • P2P Lending Site Jimu Box Raises $84 Mln in Third Fund-Raising Round (Chinese article)
  • Latest calendar for Q1 earnings reports (Earnings calendar)

FINANCE: P2P Fire Grows With Lufax Mega-Funding

Bottom line: P2P lenders like Lufax and Jimu Box have become the latest hot ticket for Chinese Internet investors, and one or more could make an IPO later this year to seize on the positive sentiment.

Lufax raises $500 mln

I remember a time not long ago when China tech deals worth just $10-$20 million were considered big and worthy of news, as such sums looked big when the sector was just starting to develop. Nowadays the threshold has risen sharply as both domestic and international investors flood into the space. That’s definitely the case with the latest mega-deal, which has seen peer-to-peer (P2P) lending platform operator Lufax raise a cool $485 million in new funding round, a record for the fast-emerging space.

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FUND RAISING: 55Tuan Debuts, Jimu Box Flexes P2P Muscle

Bottom line: 55Tuan’s stock is likely to move steadily downward following its long-delayed IPO, while the booming P2P online lending sector could be due for a bust next year similar to the recent one for group buying sites.

P2P lending site Jimu Box raises big funds

After writing far too much about the repeatedly-delayed IPO for group buying site 55Tuan (Nasdaq: WOWO), I’m happy to report the offering has finally happened and now I can stop following this company. The 2 main reasons for writing about this offering at all were its potential to become China’s first publicly listed group buying site, and also the first Chinese Internet firm to list in New York this year. The actual company and offering were both quite small and the debut went reasonably well, which I’ll detail shortly.

Meantime, another new fund-raising story has me a bit more excited, with peer-to-peer (P2P) lending site Jimu Box on the cusp of a major new funding that will reportedly total about $400 million. It does seem somewhat appropriate to group the 55Tuan and Jimu Box stories together, since P2P companies are now in the midst of a similar boom that group buying sites experienced when they first burst on the scene 5 years ago. Read Full Post…

News Digest: April 9, 2015

The following press releases and media reports about Chinese companies were carried on April 9. To view a full article or story, click on the link next to the headline.
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  • Eying Developers, Intel (Nasdaq: INTC) Launches 120 Mln Yuan China Incubator (Chinese article)
  • 55Tuan (Nasdaq: WOWO) Prices IPO, Rises 2 Pct In Trading Debut (Chinese article)
  • Xiaomi Logs 100 Mln Yuan In Orders In First 8 Minutes, 30 Seconds On Fan Day (Chinese article)
  • Fund Raising Platform Jimu Box Raises $400 Mln – Sources (Chinese article)
  • Alipay Defends Raised Rates As Funds Dump Payments Service En Masse (Chinese article)

Xiaomi Eyes Finance, Phoenix Tries News Feeds

Xiaomi invests in Jimu Box

A couple of smaller deals are in the headlines today, with smartphone sensation Xiaomi dipping its toe into the financial services market and online news portal Phoenix New Media (NYSE: FENG) eying the news feed business. Both deals are relatively small in terms of size, but each provides some interesting insight on the thinking at these 2 different companies in the tech and new media space. The first deal has Xiaomi joining a group of investors betting on a peer-to-peer (P2P) online lending platform called Jimu Box. The second has Phoenix investing in Particle Inc, maker of an app that lets users design personalized feeds to receive news over their mobile phones. Read Full Post…

News Digest: September 11, 2014

The following press releases and media reports about Chinese companies were carried on September 11. To view a full article or story, click on the link next to the headline.
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  • 3 Domestic Cement Firms Probed By NDRC For Antitrust Violations (Chinese article)
  • Ctrip (Nasdaq: CTRP) Removes Hotel Products From Qunar (Nasdaq: QUNR) (English article)
  • Xiaomi Invests In P2P Lending Platform Jimu Box (Chinese article)
  • Apple’s (Nasdaq: AAPL) iPhone 6 To Go On Sale In China On September 26 (Chinese article)
  • Phoenix New Media (NYSE: FENG) Makes Strategic Investment In News Feed App Yidian (PRNewswire)