In December, Dianrong co-founder Guo Yuhang put $10 million of his own money into the company to reassure investors.
Dianrong announced that it has raised $40 million of funding from Dalian Financial Investment Group.
The company said it will continue to scale back its offline services.
As Chinese financial regulators look at Ant Group, they’re thinking about the once high-flying field of P2P lending.
This week, Andrew Polk, partner at Trivium China, joins us to discuss what’s happening with the P2P lending industry in China.