The past few weeks were marked by rallies in names domiciled outside the United States — particularly those based in Asia — which boosted the fortunes of the FinTech IPO Index a bit. But what goes up must come down. And in a dramatic reversal...
Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough to boost the fortunes of the FinTech IPO Index. The overall group was down 6.3% through the week. As for...
It was a relatively quiet week on Wall St. as FinTech news started to hit the slow part of the Q2 earnings season. A lot of the action took place overseas this week. Chinese FinTech Futu, which still tops the index with a 300-point percentage...
There were a few stunning surges this past week with the FinTech IPO Index, which added more than 5% through five sessions. And, as has been seen in the past few weeks, earnings were the key driver. Lufax Holding shares rallied about 73%. The company reported...
November 22, 2024
The FinTech IPO Index was 3.8% higher this past week, as Lemonade and Affirm were at the forefront of gainers, up a respective 58.5% and 23.6%. A broad-based rally in the overall markets Thursday — as tech stocks got a boost from Nvidia’s earnings – helped with momentum. As for Lemonade, the stock’s jump extended a […]
October 11, 2024
The past few weeks were marked by rallies in names domiciled outside the United States — particularly those based in Asia — which boosted the fortunes of the FinTech IPO...
October 04, 2024
Even a surge in Asia-based firms — a continuation of rallies seen in the wake of macro stimulus packages in China — were not enough to boost the fortunes of...
August 23, 2024
It was a relatively quiet week on Wall St. as FinTech news started to hit the slow part of the Q2 earnings season. A lot of the action took place...
January 10, 2022
Technology-as-a-service platform OneConnect closed a partnership deal with Chengfang Financial Technology, a FinTech established by the People’s Bank of China (PBOC), according to a press release on Monday (Jan. 10). The two companies will collaborate to tackle typical pain points experienced in the financial industry, deliver technological innovations and strengthen data processing and governance. Under […]
April 05, 2020
OneConnect Financial Technology and China Merchants Port Group (CMPort) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. The program will pull in...
January 07, 2020
China’s Guangdong province has launched a blockchain financing platform for small and medium-sized businesses, backed by OneConnect, a Chinese FinTech recently listed on the New York Stock Exchange, according to...
December 12, 2019
China’s cloud-based FinTech platform OneConnect reduced its U.S. initial public offering (IPO) on Thursday (Dec. 12) by nearly 50 percent, the Financial Times (FT) reported. The move is a blow...
