China is the largest market place for internet lending in the world, almost quadrupling the rest of the world combined at nearly $60 billion in ‘originations’ (where loans are being ‘originated’).
In this episode, Tharon Smith, the Managing Director of Lendit China, joins us in a discussion on China’s online ‘black economy’ and the difficulties of gaining credit or obtaining a proper credit score. We also talk about the role that internet banks will play in this field helping small to medium-sized businesses obtain loans in the future.
China Startup Pulse is a weekly podcast designed to give startup enthusiasts around the world a behind the scenes and on-the-ground understanding of what’s happening in China’s startup ecosystem. Founded and hosted by Ryan Shuken and Todd Embley, and produced by Qi Liu, China Startup Pulse is sponsored by Chinaccelerator, People Squared, and TechNode.
TechNode does not endorse any commentary made in the program.