Chinese FinTech CFO on IPO Day: Mobile, Blockchain Will Drive Industry Innovation
FinTech in China is booming, and one of the country's peer-to-peer lenders is making its market debut on the New York Stock Exchange. Simon Ho, CFO of PPDAI, joins us to discuss his company's decision to go public. Shares opened for trading at $13.30, slightly above its IPO price of $13 a share.
PPDAI is not the only Chinese lending company seeking investments from the public markets. Ho fills Cheddar in on why there is such a massive opportunity in peer-to-peer lending in China. He notes that companies capitalized on the governments unwillingness to hand out small loans to individuals.
The IPO comes during a time of heightened concerns over Chinese regulations over tech companies. Regulators are worried some lenders are charging unreasonably high rates. Ho explains how the PPDAI is navigating the waters of regulations and breaks down the company's rate structure.
With the election behind us, many are wondering what the next four years look like for the US economy. Drew Pettit, from Citi Group joins Cheddar to discuss.
Jeff Ostrowski, Mortgage & Housing Analyst at Bankrate, discusses mortgage rates in America and how the housing market will change under a second Trump term.
The NAACP has entered the VC space with a new fund that will invest in startups and fund managers that are focused on closing gaps facing communities of color.
Can a layoff lead to your next big thing? Issie Lapowsky, contributor for Inc. Magazine and Alphonzo Terrell, co-founder and CEO of Spill join us to discuss.
Meet Scorpion, the latest, Nvidia-powered service robot from Richtech Robotics which crafts personalized cocktails and wine selections based on your mood
Gina Heeb, finance reporter at The Wall Street Journal, joins us to discuss the current state of the real estate market and when things may turn around. Watch!
