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 […]
Search results
China Tech Talk 22: P2P lending, retail banking, and the future of online services with Ling Kong
John and Matt talk with Ling Kong, CTO of Dianrong about: How peer-to-peer (P2P) lending got started What makes Dianrong different from their competitors (hint: there’s a reason we’re talking to the CTO) How the government sees the P2P lending industry Why and how China’s credit habits are changing What a private blockchain application could […]
Dianrong snags $220m Series D to further tap China’s $16t internet finance market
Chinese P2P lending platform Dianrong today announced their Series D worth $220 million. This latest funding was led by GIC Private Limited, Singapore’s sovereign wealth fund, along with CMIG Leasing, Simone Investment Managers, and other institutional and individual investors. The new proceeds will be used for improving risk management, R&D and automation, M&A opportunities and international […]
Dianrong, Quark Finance launch innovative credit factory
Chinese fintech industry leaders Dianrong (点融网) and Quark Finance (夸客金融) announced on March 20 that they will launch a financing business operation model called Dianrong-Quark Credit Factory, aimed at exploring new ways to increase access to financial services for both individuals and small and micro-sized businesses, according to a Dianrong press release posted on its […]
Dianrong and Foxconn launch China’s first blockchain platform
Dianrong, a leading online P2P marketplace lending company, and FnConn, a subsidiary of Foxconn Technology Group, have launched China’s first-ever blockchain platform called ‘Chained Finance’. The platform leverages advanced financial technology to meet the hugely underserved needs of supply chain finance in China. The new blockchain platform allows supply chain finance to deliver the needed […]
China’s average P2P investors are becoming the opposite of what you’d expect
More women, more third-tier city lenders, falling returns, and larger, longer loans: a new report sheds light on how the world’s largest peer-to-peer (P2P) lending market is changing fast. After the negative coverage, some of the trends are the opposite of what you might expect: trust is growing and as the sector is seen as safer, […]
A brief look at the current state of China’s P2P lending industry
Since 2007, peer-to-peer platforms (P2P) lending has mushroomed in China as a new source of fixed income for retail investors. Peer-to-peer lending is a new method of debt financing that allows people to borrow and lend money without a financial institution. Harnessing technology and big data, P2P platforms connect borrowers to investors faster and cheaper […]
Chinese micro lender Qudian under fire after splashy US IPO
Days after its splashy US IPO, Chinese online loan provider Qudian is undergoing a major crisis as local media has begun questioning the sustainability, validity and morality of their business. Born out of student-based Qufenqi, Qudian first grew by offering small loans to colleges students to capitalize on the rising spending power of China’s younger generations. At […]
The Impact Of Ezubao On China’s P2P Lending Industry: Q&A With The Co-Founder of Dianrong.com
2016 has not been a good year for China’s peer-to-peer lending industry. The year began with the collapse of Ezubao (e租宝), a P2P lending site that swindled 50 billion RMB (about $7.5 billion USD) from almost a million investors. Since then, the scandals haven’t stopped. Part of it has to do with how fast China’s […]
[Update] China’s P2P Lending Site Dianrong Lands Massive $207M USD Series C Backed By Traditional Banks
Dianrong, a leading Chinese peer-to-peer lending platform, announced today the closure of a massive $207 million USD of Series C financing, marking the largest funding round in China’s internet lending and financing industry. The funding is co-led by Standard Chartered Bank and China Fintech Fund (CFF), a fintech company equity investor founded by China Minsheng […]