China’s CreditEase Wealth Expands in Singapore

Nearly three years after it initially landed in Singapore, China’s robo, lending, blockchain, and payments juggernaut CreditEase has expanded its territory in The Lion City.

According to a press release, CreditEase Wealth Management has set up a new office at the Asia Square Tower. The opening featured several guests including representatives from strategic partners Blackstone, KKR, and Tishman Speyers as well as CreditEase’s own CEO and founder Ning Tang.

Tang apparently foresees “explosive” development in the crowdfunding, robo-advise, insurtech, and blockchain sectors in the coming decade, and he purportedly sees CreditEase as a “global” company in the future.

Given it’s size, no-one can really blame him. CreditEase Wealth Management alone operates in 40 cities in The Middle Kingdom, and boasts offices as far as Tel Aviv and New York.

At any rate, Tang appears stoked to plant a larger flag in Singapore:

“After 11 years of development, CreditEase has become an innovator and leader across various stages and areas of Fintech including payment, marketplace lending, crowdfunding, robo-advisor, insurance tech and blockchain,” said Tang at the opening ceremony. “We hope to integrate CreditEase’s Fintech innovations with the global resources in Singapore to fuel the growth of our wealth management business and to provide better global asset allocation services to high-net-worth domestic and overseas Chinese clients.”

Photo: Khairul Nizam