Company co-founder pleads with Chinese regulators to give the sector a ‘ray of hope.’
As Chinese financial regulators look at Ant Group, they’re thinking about the once high-flying field of P2P lending.
Large P2P lending platforms are exiting the space amid the government’s ongoing efforts to clamp down on fraud activities and lower financial risks.
The fast growth of Chinese P2P platforms is not the only thing that is different from their US counterparts.
Irrationally exuberant regulators helped blow up a bubble—and when they got cold feet, they popped it