If a marathon is a test of physical limits, then a Hackathon is a test of mental limits. With limited time and technological resources, participating teams conjure up wild startup and product ideas. TechCrunch, an influential media outlet covering tech trends in Silicon Valley, has long believed Hackathons play an integral role in fostering entrepreneurship […]
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 […]
Shanghai’s financial regulator announced a five-year plan to develop a fintech center on par with competitors around the world.
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 […]
The number of P2P lending platforms has fallen 59% since the end of 2018.
No specific rules or requirements have been proposed, such as an implementation timeframe.
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 […]
The company said the decision was made “to fulfill regulatory requirements.”
Regulators are requiring P2P firms to clear outstanding loans within a year.
Amid an on-going regulatory crackdown on China’s online lending sector, many platforms are turning to blockchain for help.