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Chinese P2P Lending Site Dianrong Announces Fresh Funding From Tiger Global

Dianrong, China’s leading P2P loan service, announced that it has secured new financing from Tiger Global. The specific investment was not disclosed but it was reported to be between tens to hundreds of million of dollars. The funds will be invested in technology development and team construction, according to company co-founder and CEO Guo Yuhang. The platform had […]

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Dianrong, P2P Funding Site Led by Lending Club Cofounder, Pockets Fresh Investment for Market Expansion

Chinese P2P loans service Dianrong today announced it has raised fresh funding from Hong Kong’s leading financial institution, Sun Hung Kai & Co. Limited (SHK), with a view to expansion in Hong Kong and throughout Asia. In addition to the capital, Dianrong also began long-term strategic cooperation with SHK to facilitate its ambitions. Established by Lending […]

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[TechCrunch Beijing] Lending Club, Dianrong Cofounder Soul Htite: P2P Industry To Be Regulated in Future 3-4 Years

Although Chinese P2P industry is still on the rise, the public is becoming increasingly cautious in investing on P2P platforms as more and more users fell victims to scams. Soul Htite, co-founder of Lending Club and its Shanghai-based counterpart Dianrong, shared with us his insights on the differences between the U.S. and Chinese P2P lending industry, risk […]

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Dianrong, P2P Funding Service Founded by Lending Club Co-founder, Books Tens of Million Dollars from Northern Light

Dianrong, a peer-to-peer funding service, secured tens of millions of dollars in Series A financing from Northern Light Venture Capital (source in Chinese). The company is cofounded by Soul Htite, co-founder of Lending Club, and Guo Yuhang, an experienced lawyer in intellectual property and venture capital sector. Launched in March this year, the turnover of […]

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Fintech Trends in China to Watch in 2015

Thanks to the success of Yuebao, a user-friendly investment fund for Alipay users which launched in mid-2013, nearly all major Chinese internet companies tapped into internet-based finance in 2014. While some simply sell traditional financial products online, many big tech companies and startups have created new products for the internet economy. More than 150 fintech startups […]

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Lending Club Co-founder Established Shanghai-based P2P Funding Service Dianrong

Soul Htite, co-founder of online financing bellwether Lending Club, established a similar online P2P (peer-to-peer) funding service Dianrong.com in Shanghai with an impressive management group (Marc van der Chijs, co-founder of Tudou, recently joined in its board.). Soul told TechNode that the company has secured a hefty capital injection in the recent round of financing, but did […]

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P2P Lending Service Itouzi Raises Tens of Millions Yuan from CEAIC

Itouzi, a P2P lending platform, reportedly secured tens of millions of yuan in Series A financing from China Emergency Assistance Investment Co., Ltd. (CEAIC), a state-backed institution that helps companies address fundraising dilemmas (via Tech NetEase). Different from other similar P2P platforms, Itouzi focuses on addressing the fundraising demands of companies, mainly financing guarantee institutions, […]