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JD Tech Unit Boosts Capital as New Rules Loom – Caixin

The online small loans industry was first given notice of the impending changes in November 2020

JD.com logo
People stand under e-commerce giant JD.com’s logo at the Appliance and Electronics World Expo in Shanghai in March. Photo: Reuters.


JD Technology, the fintech arm of online retailer JD.com, has increased the registered capital of an online micro-lending business for the second time in four months to comply with a tighter regulatory regime expected to come into effect by the end of the year, Caixin reported.

The small loans industry, dominated by Ant Group, Tencent Holdings and JD.com, has been on notice of the impending changes since November 2020, when the People’s Bank of China and the China Banking and Insurance Regulatory Commission issued draft guidelines.

Read the full report: Caixin.




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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.


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