JD.com fintech unit is planning a STAR Market IPO

By Wei Sheng

JD Digits, the fintech subsidiary of Chinese online marketplace JD.com, is preparing for an initial public offering at China’s Nasdaq-style STAR Market in Shanghai, according to a filing by several securities firms.

Why it matters: The move is …

Xiaomi brings in banker to boost fintech push

By Wei Sheng

Xiaomi has hired the president of an online bank to lead the smartphone maker’s budding consumer finance business, the company announced Thursday.

Why it matters: The Beijing-based company is actively seeking new growth opportunities outside sm…