Tags Chinese P2P lending

Tag: Chinese P2P lending

Fintech

Guangzhou’s PPmoney Withdraws from All Online Lending Operations

CBNEditor - January 4, 2021 0

Guangzhou-based P2P platform PPmoney has announced its withdrawal from all online lending operations following increased pressure on the Internet finance sector from...

Fintech

China’s P2P Lending Sector Crushed out of Existence Completely

CBNEditor - November 30, 2020 0

The era of unrestrained P2P online lending in China has come to complete end with the closure of the last few platforms...

Fintech

China’s P2P Online Lending Companies Drop to Just Three from More than 5000 as Era of Wild Growth of Internet Finance Ends

CBNEditor - November 9, 2020 0

P2P online lending companies in China have been all but squeezed out of existence following a crackdown on the once-flourishing sector due...

Fintech

“Jucai Cat” and Related Lending Platforms Accused of Illegally Raising USD$10.8B

CBNEditor - September 24, 2020 0

An online lending group in Shanghai stands of accused of illegally raising over 73.5 billion yuan (approx. USD$10.78 billion) in funds.

Finance

Shanlin Finance Founder Sentenced to Life in Prison for 70B Yuan P2P Ponzi Scheme

CBNEditor - July 28, 2020 0

The man at the centre of an immense P2P Ponzi scheme that illegally raised over 70 billion yuan from more than 620,000...

Fintech

New York-listed Weidai Withdraws from P2P Lending Operations Following 56.52% Drop in Net Profits

CBNEditor - June 1, 2020 0

Another one of China's online lenders has shut up operations following a crackdown on the P2P lending sector launched by Chinese regulators...

Fintech

P2P Platform Xiaoniu Online Becomes the Latest in China to Close Shop

CBNEditor - May 12, 2020 0

Xiaoniu Online (小牛在线) is the latest P2P platform to shut down operations following the launch by Chinese authorities of a heavy-handed crackdown...

Fintech

Nine Chinese Provinces Ban Online P2P Lending Operations

CBNEditor - January 8, 2020 0

A total of nine provinces in China have placed bans on online peer-to-peer (P2P) lending operations by platforms in their jurisdictions, following...

Fintech

China’s Leading Fridge Maker Sells off P2P Unit for Just 2 Kuai Following USD$200 Million Acquisition

CBNEditor - December 18, 2019 0

China's top fridge manufacturer has just sold off its peer-to-peer (P2P) lending vehicle for next to nothing, in a further sign of...

Fintech

Sichuan Province Places Ban on P2P Activity within Its Borders

CBNEditor - December 5, 2019 0

The huge inland province of Sichuan has placed a ban on both local and outside online lending companies engaging in P2P lending...

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Tag: Chinese P2P lending

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