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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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 […]

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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 […]

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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 […]

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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 […]

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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 […]