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 […]
Dianrong announced that it has raised $40 million of funding from Dalian Financial Investment Group.
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 […]
Given China’s worsening online lending environment, Hexindai plans to seek more opportunities in the global market.
The fast growth of Chinese P2P platforms is not the only thing that is different from their US counterparts.
Each year, ChinaBang Awards is dedicated to honoring the best innovation in China and to promoting the most promising and uprising tech startups inside China. Our panel of judges considered many factors in the selection process, including company innovation, continuity, potential, impact, and patents, as well as market growth, business model, product and service, and […]