This AI and data science-powered lending platform claims to process loans in as fast a one minute.
Tag: P2P lending
The China Banking Regulatory Commission said that there are 1778 P2P lending platforms with problems.
Thanks to its access to Haier’s marketing and supply ecosystem, Hairongyi has thrived in supply chain finance over the past year despite tough state regulations on the sector.
China’s Internet Plus policy has caused explosive growth for peer-to-peer lending in the country.
Chinese peer-to-peer platforms see obstacles in development — and even operations — under strict regulations and negative press coverage.
Highlights of tech financing in China this week: Chinese P2P loan company becomes the biggest in the world; outbound travel platform raises USD 60 million; and online counseling service raises over USD 12 million.
Highlights of tech financing in China this week: Beijing-based fresh food e-commerce platform completes USD 100M Series C financing and Beijing-based P2P lending platform completes million dollar financing.
Amidst tightening regulations on P2P lending, Junrongdai.com, a P2P lending platform focusing on supply chain finance systems, has completed its first round of funding.