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Tag: Peer-To-Peer Lending
Billionaire Guo Guangchang called China’s peer-to-peer lending industry “basically a scam”. Read more: www.bloomberg.com
Online lending to US consumers tumbled 34% industrywide from the first quarter as investors pulled back from funding loans. Read more: www.bloomberg.com
China’s P2P lending market is finally getting a little oversight, but Yirendai’s investors aren’t sanguine about it. Read more: www.techinasia.com
Touzhijia.com, a Chinese peer-to-peer lending platform, has raised $12m in a Series A round from US VC-firm CDF Capital.
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