In December, Dianrong co-founder Guo Yuhang put $10 million of his own money into the company to reassure investors.
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Posted inWith Chinese Characteristics
P2P lender Dianrong raises new capital amid tightening regulations
With the new investment, the company will increase its registered capital from the current RMB 300 million to RMB 500 million to comply with new rules.
Posted inHeavy Hitters
China’s crackdown on internet finance hurts online lender Dianrong
Company co-founder pleads with Chinese regulators to give the sector a ‘ray of hope.’
Posted inHeavy Hitters
Dianrong to land on distributed ledger Corda
Dianrong (点融), a leading Chinese online P2P lending service provider today announced cooperation with R3, a global platform specializing in distributed data technology. The Chinese fintech company’s supply chain finance solutions will land on Corda, R3’s open-source distributed ledger. Dianrong hopes the cooperation will enable the company’s end-to-end service through a comprehensive supply chain and […]
Posted inWith Chinese Characteristics
China Tech Talk 77: Peer-to-peer lending in China—Tech-driven shadow banking with Andrew Polk
This week, Andrew Polk, partner at Trivium China, joins us to discuss what’s happening with the P2P lending industry in China.
Posted inHeavy Hitters
Employees accuse P2P lender Dianrong of unpaid wages, severance pay amid layoffs
The company said it will continue to scale back its offline services.
Posted inThe Numbers
Dianrong pockets $40 million funding amid mounting P2P defaults in China
Dianrong announced that it has raised $40 million of funding from Dalian Financial Investment Group.
Posted inHeavy Hitters
From the archives | The P2P lending fiasco that made regulators fear Ant
As Chinese financial regulators look at Ant Group, they’re thinking about the once high-flying field of P2P lending.
Posted inPosts
Updated: Chinese online lender Dianrong increases Series D Funding by $70 Million
Updated 24 Jan 2017: This post is updated to include Dianrong’s feedback on IPO plan Chinese online lending platform Dianrong today announced additional Series D round funding of $70 million led by ORIX Asia Capital Limited, a wholly-owned investment vehicle of ORIX Corporation, with the participation of CLSA, the overseas platform of China’s top investment […]
Posted inOn the Cusp
Shanghai orders P2P lending platforms to wind down operations: report
Regional governments have intensified the clampdown on online lenders in recent months.
