With the new investment, the company will increase its registered capital from the current RMB 300 million to RMB 500 million to comply with new rules.
Search results
Posted inHeavy Hitters
Briefing: Troubled P2P lender Dianrong looks to raise $100 million
In December, Dianrong co-founder Guo Yuhang put $10 million of his own money into the company to reassure investors.
Posted inHeavy Hitters
China’s crackdown on internet finance hurts online lender Dianrong
Company co-founder pleads with Chinese regulators to give the sector a ‘ray of hope.’
Posted inHeavy Hitters
Employees accuse P2P lender Dianrong of unpaid wages, severance pay amid layoffs
The company said it will continue to scale back its offline services.
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 inHeavy Hitters
Dianrong to land on distributed ledger Corda
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 […]
Posted inNews
Updated: Chinese online lender Dianrong increases Series D Funding by $70 Million
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 […]
Posted inNews
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 […]
Posted inNews
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 […]
Posted inNews
Dianrong and Foxconn launch China’s first blockchain platform
Dianrong, a leading online P2P marketplace lending company, and FnConn, a subsidiary of Foxconn Technology Group, have launched China’s first-ever blockchain platform called ‘Chained Finance’. The platform leverages advanced financial technology to meet the hugely underserved needs of supply chain finance in China. The new blockchain platform allows supply chain finance to deliver the needed […]