In December, Dianrong co-founder Guo Yuhang put $10 million of his own money into the company to reassure investors.
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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 […]
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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.
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Employees accuse P2P lender Dianrong of unpaid wages, severance pay amid layoffs
The company said it will continue to scale back its offline services.
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Briefing: Lufax bets on blockchain to increase transparency of P2P lending
Amid an on-going regulatory crackdown on China’s online lending sector, many platforms are turning to blockchain for help.
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Guangdong’s largest online lender Hongling Capital to close down its operation
The firm said it will shut down its online lending businness by the end of 2021.
