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Crowdfunding in China could be $50 billion business by 2025
By 2025, crowdfunding in China could explode to $46 -$50 billion—about half the amount expected to be channeled to startups and businesses throughout the world, according to a new World Bank report
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- crowdfunding
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China’s Alipay mobile wallet app users have almost reached 100 million
China's largest e-payment company Alibaba Group Holding Ltd's Alipay Wednesday said that users of its "mobile wallet" app have reached nearly 100 million across the nation so far.
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- Technology
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- Asia Pacific
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AIDS mobile app to be launched
The Indonesia AIDS Coalition (IAC), an NGO with members from AIDS-affected communities, will launch a mobile application on HIV/AIDS information and services.
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- Health Care, Technology
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- Asia Pacific
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- public health
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Why the banker who helped millions of Bangladeshis out of poverty became his country’s enemy number one
Muhammad Yunus is fêted by world leaders, renowned internationally and a national hero at home. All of which makes it harder to explain why the government in his native Bangladesh is trying to destroy him.
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The Bangladesh poor selling organs to pay debts
Millions of rural Bangladeshis, grow up facing a life of hardship. In an attempt to alleviate poverty, countless numbers take on debt with microcredit lenders, only to find themselves in a difficult situation when they are unable to repay the loan.
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- Asia Pacific
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- microfinance
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In Indonesia, Mobile banking becomes a source of local banks’ revenue
With the sharp increase in the use of smartphones, mobile banking has become an important source of income for Indonesian banks that are now expanding fee-based services to boost their profits.
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Alibaba issues China’s first microloan securitization
Orient Securities and Alibaba have issued the nation’s first securitized product backed by microloans.
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- Asia Pacific
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- microfinance
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World Bank president to open 2013 Microcredit Summit
World Bank president Jim Yong Kim will open the 2013 Microcredit Summit: Partnerships against Poverty on October 9 with a recorded statement urging the nearly 800 delegates from 69 countries to commit themselves to the advancement of microfinance to end extreme poverty.
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- Asia Pacific