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duxiaoman.com

Founded Year

2015

Stage

Line of Credit - II | Alive

Total Raised

$4.329B

Last Raised

$2.89B | 3 yrs ago

About Du Xiaoman Financial

Du Xiaoman Financial offers installment payment options to consumers and online investment services to investors. It runs payment system Baidu Wallet, an online credit service and an online wealth management platform. It owns several small financial licenses such as a third-party payment license and a fund sales license. Du Xiaoman Financial was established in December 2015 as a finance arm of Baidu.

Du Xiaoman Financial Headquarter Location

8th Floor, Building B7, No. 5 Huangyang Road, Yubei District

Chongqing, Chongqing, 100085,

China

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Research containing Du Xiaoman Financial

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Du Xiaoman Financial in 1 CB Insights research brief, most recently on Dec 19, 2019.

Expert Collections containing Du Xiaoman Financial

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Du Xiaoman Financial is included in 2 Expert Collections, including Payments.

P

Payments

1,949 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

2,973 items

Track and capture company information and workflow.

Latest Du Xiaoman Financial News

Tencent, JD.Com, Baidu Follow Ant by Removing Unlicensed Online Deposit Products

Dec 21, 2020

(Yicai Global) Dec. 21 -- Tech firms such as JD.Com, Baidu, and Tencent Holdings have stopped accepting new clients for their internet deposit products after Ant Group did the same on Dec. 18 to comply with China’s tightening fintech regulations. JD.Com’s JD Digits, Baidu's Du Xiaoman Financial, Trip.Com's Ctrip Finance, and Ping An-backed Lufax each said over the weekend that only clients who have used their platforms to deposit money at banks via such interest-bearing time deposit products can continue to hold such assets. The firms said they will continue to pay close attention to new fintech regulation and strictly abide by the rules. Third-party platforms have not secured regulatory approval to carry out this type of business so they should remedy the situation after clear rules are introduced, Zheng Lei, director of the International New Economic Research Institute's digital economy center, told Yicai Global. Some lenders offered internet deposit products on mobile wallets in recent years to attract new clients with high interest rates. The minimum deposit is as little as CNY50 (USD7.60) and the lockup period ranges from one to five years. With such products, small and mid-sized banks in particular have been able to ease their liquidity pressures. But regulators have said that rural commercial banks should focus on serving their local areas. It is very important to clarify which types of banks can and which cannot run such a business, Sun Tianqi, head of the central bank's financial stability bureau, said earlier this month. Because these deposits are different from savings account deposits, the related business should follow its own risk management rationale, he added. Editor: Emmi Laine

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  • When was Du Xiaoman Financial founded?

    Du Xiaoman Financial was founded in 2015.

  • Where is Du Xiaoman Financial's headquarters?

    Du Xiaoman Financial's headquarters is located at 8th Floor, Building B7, No. 5, Chongqing.

  • What is Du Xiaoman Financial's latest funding round?

    Du Xiaoman Financial's latest funding round is Line of Credit - II.

  • How much did Du Xiaoman Financial raise?

    Du Xiaoman Financial raised a total of $4.329B.

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