In 2014, 8,700 cases were filed, and 2,200 were filed this year in January and February alone, according to China’s Ministry of Public Security.
Barry Freeman, Jimubox CFO and co-founder, tells Tech in Asia that the earlier tie-up with Xiaomi helped the startup see a big boost in traffic.
The site connects borrowers and lenders, making it easier to invest in and receive loans.
Products like online mutual funds, peer-to-peer loans, and insurance only showed 2 percent growth in the second half of last year.
Even though the business model is the same, WeLend marketing manager Rachel Lam says Hong Kong and mainland China are two very different markets.
Gurgaon-based peer-to-peer lending website Faircent recently raised venture capital at an enterprise valuation of US$4 million. The undisclosed funding round was led by Devesh Sachdev and Ashish Tiwar...
Almost 20 financial services startups secured funding in September alone. Most of them were either P2P lending or investment startups.
This microfinance startup offers business loans for small and medium-sized businesses and consumer loans for individuals.
As internet banking takes off in China, this financial product search engine secures $60M investment
It’s tough to sift through and distinguish what are the best deals and which companies can be trusted to handle their money. That’s where Rong360 comes in.
Chinese startup gets $30 million investment to put all the country’s pawn shops into a single marketplace
51dang functions like a peer-to-peer lending website--a fast-growing trend in China among the under-financed--except it uses pawned goods as collateral.
There's no shortage of peer-to-peer lending sites in China, but neither has a distinct market leader emerged.
The new blacklist comes after a string fraudulent sites went dark and high-tailed it with lenders' money, including one just last week.
P2P lending service Renrendai handed $130 million to get a head start in China’s budding microfinance sector
Chinese online peer-to-peer lending service Renrendai announced its parent company, Renrenyou, received $130 million in Series A funding, according to Sina Tech. Trustbridge Partners and an undisclose...
In recent months, China’s web giants – namely Baidu (NASDAQ:BIDU), Alibaba, and Tencent (HKG:0700) – have been applying for financial services licenses to be issued by the government. That will allow ...