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Latest news and trends about tech in China

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p2p lending photo illustration
Posted inWith Chinese Characteristics

P2P lender Dianrong raises new capital amid tightening regulations

by Nicole Jao Jun 20, 2019Jun 20, 2019

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.

p2p lending photo illustration
Posted inOn the Cusp

Shanghai orders P2P lending platforms to wind down operations: report

by Nicole Jao Nov 1, 2019Mar 17, 2020

Regional governments have intensified the clampdown on online lenders in recent months.

Shanghai's skyline is seen from The Bund on April 13, 2019. (Image Credit: TechNode/Eugene Tang)
Posted inOn the Cusp

Shanghai unveils five-year fintech hub plan

by Nicole Jao Jan 16, 2020Mar 17, 2020

Shanghai’s financial regulator announced a five-year plan to develop a fintech center on par with competitors around the world.

p2p lending photo illustration
Posted inOn the Cusp

Briefing: Shanghai regulators to introduce stricter P2P lending rules

by Nicole Jao Apr 2, 2019

No specific rules or requirements have been proposed, such as an implementation timeframe.

Posted inOn the Cusp

Tencent-backed Mogujie shuts down its P2P lending platform

by Nicole Jao Mar 6, 2019Jun 8, 2020

The company said the decision was made “to fulfill regulatory requirements.”

Posted inHeavy Hitters

Briefing: Lufax bets on blockchain to increase transparency of P2P lending

by Nicole Jao Mar 4, 2019Jun 8, 2020

Amid an on-going regulatory crackdown on China’s online lending sector, many platforms are turning to blockchain for help.

Posted inHeavy Hitters

Guangdong’s largest online lender Hongling Capital to close down its operation

by Nicole Jao Mar 25, 2019

The firm said it will shut down its online lending businness by the end of 2021.

p2p lending photo illustration
Posted inOn the Cusp

P2P lending platforms feel the pressure as regulators squeeze them out of the market

by Nicole Jao Aug 22, 2019Mar 17, 2020

Large P2P lending platforms are exiting the space amid the government’s ongoing efforts to clamp down on fraud activities and lower financial risks.

Posted inOn the Cusp

Hexindai invests in Musketeer seeking new opportunities beyond P2P fraud spooked China

by Emma Lee Aug 15, 2018Jun 7, 2020

Given China’s worsening online lending environment, Hexindai plans to seek more opportunities in the global market.

Posted inOn the Cusp

Lending Club CEO: US’s and China’s P2P lending need clearer regulation and communication

by Emma Lee Sep 10, 2018Jun 7, 2020

The fast growth of Chinese P2P platforms is not the only thing that is different from their US counterparts.

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