It’s sad to write about a startup’s closing down, especially when the startup is founded by friends. I got the email from Casey Wilson, Cofounder and CEO of Wokai, an online micro-finance platform helping micro-entrepreneurs living under the poverty line in China. P2P lending model is still hard to survive in China as this country is still lacking of a mature credit system. (I am surprised that Wokai’s able to have 98% repayment rate, though).

The email from Casey is followed. Can you help?

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Gang Lu

Dr. Gang Lu - Founder of TechNode. He's a Blogger, a Geek, a PhD and a Speaker, with passion in Tech, Internet and R'N'R.