CreditEase CEO Ning Tang is looking to offer an investment alternative to real estate investors by launching a fund of funds focused on real estate projects; currently investors in China need to directly buy property and hope the assets appreciate in value; the fund of funds strategy that CreditEase is looking to employ will allow investors to have access to leading real estate funds managed by Blackstone and KKR. Source.
[This is the first in a two part series on the Chinese p2p lending market. Tomorrow we will bring you...
CreditEase was China's first P2P lender, founded in 2006; since its founding the firm has been expanding its services to wealth management and robo advice; Ning Tang, CreditEase founder and CEO, provides his insight on the business and the online lending industry in an interview; highlights how the company plans to expand its business lines through partnerships while also managing regulatory controls. Source
The Asian Banker has awarded CreditEase Wealth Management with its first Best Non-Bank Private Wealth Product award; the award was part of the Asian Banker's awards program which has been recognizing financial services companies for 16 years; voting was done by an advisory board using detailed criteria to identify the non-bank with the best solutions for meeting the needs of high net worth customers by matching their risk profiles and investment objectives; CreditEase's CEO Ning Tang said its wealth planners focus on cross-border, cross-regional portfolios with multi-asset classes for clients and that its Toumi RA robo advisor service was created to help clients evaluate and minimize risks with a scientific portfolio. Source
Last Friday Peter and I had the honor of joining the CreditEase team on the NYSE floor to ring the...
[This Is the second article in a two part series on CreditEase, the world’s largest p2p lender. The first...
Chinese lenders are moving into Southeast Asian countries to explore new opportunities in lightly regulated countries; according to Global Times, over 50 Chinese lenders have already launched overseas operations in countries like Indonesia and Cambodia; current entrants include well known names like CreditEase, Lufax and jimu.com; some lenders are opening up subsidiaries while others are focusing on partnerships with local companies. Source
Chinese fintech company CreditEase has announced it will use Verint Systems, Inc. for customer service; Verint will provide speech analytics, call recording, quality management and customer reporting support services; according to CreditEase, the service provider will help the company reduce operating costs by approximately 45% annually. Source
Ning Tang, CreditEase CEO and founder, spoke on financial inclusion and global fintech cooperation at the APEC CEO Summit 2016; as a participant on the "Innovation Economy" panel, Mr. Tang discussed the need for collaboration between businesses and government in order to facilitate innovation and economic development. Source
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Before heading to Shenzhen the LendIt China tour visited with representatives from the wealth management arm of CreditEase. CreditEase is one...