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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 […]