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Posted inThe Numbers
Dianrong pockets $40 million funding amid mounting P2P defaults in China
Dianrong announced that it has raised $40 million of funding from Dalian Financial Investment Group.
Posted inOn the Cusp
Hexindai invests in Musketeer seeking new opportunities beyond P2P fraud spooked China
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
The fast growth of Chinese P2P platforms is not the only thing that is different from their US counterparts.
