China puts the brakes on its sprawling microlending industry

A top-level Chinese government body issued an urgent notice on Tuesday evening asking provincial regulators to suspend issuing licenses to any new onli…

Chinese microlender Lexin files for a $500m US IPO

Lexin Fintech Holdings, an online microlending platform targeting young Chinese consumers, on Monday filed for IPO in the US to raise $500 million. …

JD-backed Student Microloan Site Fenqile Lands $235M Funding

Fenqile, one of China’s leading student micro-loan startups, has sealed $235 million USD in funding, the company announced on Wednesday. The injection …