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Kr-Asia Daily: Line Indonesia has acquired students’ carpooling platform TemanJalan

News Xiaochun Zhao -
Plus, Ant Financial has asked its partners in consumer finance to adjust the annual rate below the cap of 24 percent. Tesla has completed the construction of the world’s biggest battery in South Australia.

Chinese Regulatory Agencies Suspend Licensing for Internet Microlenders, Cash Loan Industry Facing a Major Reshuffle

News Xiaochun Zhao -
The Chinese government has stepped up its control over the cash loan industry, causing the stock prices of US-listed Chinese internet finance companies to plunge.

Kr-Asia Daily: Garena’s parent company Sea’s loss more than doubled in the third quarter

News Xiaochun Zhao -
Plus, Uber lost records on 57 million customers and drivers. License for online microloan is expected to become extremely expensive in China.

Chinese tech moguls BATJ are increasingly becoming enablers of the financial sector

Insights 36Kr Global Writers -
The buzzword of the world has changed from “connection” to “efficiency” as the industry waves goodbye to fintech 1.0 and ushers in the age of fintech 2.0.

Kr-Asia Daily: Singapore-based P2P lending solutions provider Crowd Genie plans to raise up to $31.69 million in an IPO

News Xiaochun Zhao -
Plus, China launched regulations on financial institutions concerning asset management. Tesla received preorders from Walmart and Loblaw for its semi-truck.

3D reconstruction technology start-up Owlii “delivered” celebrities to Tmall users’ home

News 36Kr Global Writers -
Owlii’s 3D imaging technology makes social interaction possible in AR.

Kr-Asia Daily: Singapore announced a $20 million  grant to promote Fintech

News Xiaochun Zhao -
Plus, Amazon agreed to sell some of its Chinese cloud assets to its Chinese partner. Qihoo 360 launched a short video app.

Kr-Asia Daily: Shares in Qudian surged 9 percent in their U.S. stock market

News 36Kr Global Writers -
Plus, Razer saw a rise of 18 percent in their Hong Kong stock market debut. Qualcomm rejected Broadcom’s $103-billion takeover bid.

Deals | 7-Eleven of new retail era? Unmanned convenience store Xiaomaipu receives 1 million yuan investment

News 36Kr Global Writers -
Convenience store is no doubt one of the buzzwords for the Chinese venture investment sector in 2017.

Kr-Asia Daily: Toutiao acquires Musical.ly for $1 billion.

News 36Kr Global Writers -
Plus, Alibaba is said to invest about $200 million in Indian online grocer Bigbasket.
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