China’s Once-Hot Peer-to-Peer Lending Business Is Withering

United States News News

China’s Once-Hot Peer-to-Peer Lending Business Is Withering
United States Latest News,United States Headlines
  • 📰 WSJ
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Peer-to-peer lending is on its last legs in China, which once led the world in the industry

BEIJING—China’s peer-to-peer lending industry, once a world-beater, is on its last legs.

Entrepreneurs had hoped to fill a gap in the Chinese financial system ignored by state-backed banks. Thousands of peer lenders flourished, gathering funds from small investors and extending credit to family restaurants, parents with tuition bills to pay and other small borrowers. Several larger players such as Yirendai Ltd., PPDAI Group Inc. and Qudian Inc. went public in the U.S.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walmart temporarily limits 'non-business critical travel' to ChinaWalmart temporarily limits 'non-business critical travel' to ChinaWalmart Inc , the world's largest retailer, said it is temporarily limiting...
Read more »

Am I Hot Enough to Vote for Bernie Sanders?Am I Hot Enough to Vote for Bernie Sanders?“While the Trumps made their money literally ranking women on a scale from 1-10, beauty for Sanders supporters is in the eye of the Bern-holder” hotboysforbernie hotgirlsforbernie
Read more »

My Neck Would Like to Thank This LotionMy Neck Would Like to Thank This Lotion“I massaged a generous amount in — even going so far as to rub it into my sore neck. It felt like an organic, vegan incarnation of Icy Hot, or like someone had draped a pre-warmed blanket over my body. It felt really comforting”
Read more »

Iridescent Nails Are 2020's Most Viral Manicure Trend So FarIridescent Nails Are 2020's Most Viral Manicure Trend So FarThere are so many ways to make this hot new trend your own.
Read more »

Live It Up at Miami's Top Super Bowl HotelsLive It Up at Miami's Top Super Bowl HotelsTake a look into some of Miami's hotel hot spots for Super Bowl LIV.
Read more »



Render Time: 2025-03-17 21:49:57