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.

More In Business

CT AG on Ticketmaster & Live Nation: ‘Everybody Knows Its a Monopoly’

The DOJ is suing Ticketmaster and Live Nation, and Connecticut AG William Tong joined the suit in hopes to 'open up competition.’

Big Business This Week: Russia Runs Out of Gas and ScarJo Takes on AI

Plus, the Department of Justice takes on the goliath that is Ticketmaster. Are Swifties to thank?

PepsiCo Partners With Children Of Fallen Patriots Foundation

PepsiCo's "Rolling Remembrance" American Flag Relay Puts Veteran Drivers at the Wheel to Raise Funds and Awareness for Children of Fallen Patriots Foundation

Insurance Rates Are Rising – This CEO Says That’s a Good Thing

Fresh off the company’s IPO at the New York Stock Exchange Bowhead Specialty CEO Stephen Sills discusses what’s next and why some insurance rates are rising.

The Best Fashions These Days Are — Surprise! —Sustainable as Well

Fast fashion may be becoming a thing of the past as consumers are increasingly turning toward more sustainable fashion choices — and brands listening.

Summer 2024: AAA Forecasts 44M Travelers, Solo Trips, AI, and Taylor Swift

AAA predicts a surge in summer 2024 travel, with 44 million travelers, surpassing pre-pandemic levels. Expect more solo trips, AI use, and Taylor Swift.

Impossible Wants Meat Eaters to Add Plant-Based Burgers to Their BBQ

As Americans prepare for a long weekend of grilling, Impossible Foods wants to put aside the culture wars, win over meat eaters – and IPO when it's 'ready.'

Nvidia Earnings Shatter Expectations: ‘It’s Not a Chip Stock Anymore’

Nvidia is almost a ‘monopoly’ when it comes to A.I. – but after proving growth in its other businesses, it’s not just a chip stock anymore.

Chill Out, Boomers: Young Consumers Really Have Faced a Tough Economy

Younger consumers are maxing out their credit as they deal with a tough economy, a Bankrate analyst explains.

As Grocery Prices Surge, Thrive Market Emerges as Affordable Solution

In April, grocery prices rose by 1.2 percent, reaching pre-pandemic levels of food inflation. Could an e-commerce grocer be the solution? Thrive Market says yes

Load More