Tagged: creditease

CreditEase Fintech Investment Fund Adds Positions in Three Global Growth Stage Companies

CreditEase Fintech Investment Fund (CEFIF), a venture fund investing in growth-stage fintech companies in China and globally created by peer-to-peer lender CreditEase, announced at LendIt USA  in New York it  had made investment in three new Fintech firms. According to the fund, the three investments included… Read More

Yirendai Releases Q4 Results. Reports 100% Growth in Year Ov

Yirendai Ltd. (NYSE:YRD), a prominent online lender in China, announced its unaudited financial results for the quarter and full year ended December 31, 2016. Folowing the release, shares moved lower in pre-market trading. In Q4 of 2016, Yirendai reported it had facilitated 194,505 investors with total… Read More

Fintech Firm CreditEase Teams Up With Verint For Customer Engagement Solutions

On Monday, Verint Systems, Inc. (Nasdaq: VRNT) announced that Chinese fintech firm CreditEase, is set to use is Verint’s Speech Analytics, along with Call Recording, and Quality Management, as a way to support the transformation of its customer engagement platform. CreditEase reportedly stated that since it implemented Verint’s… Read More

CreditEase Anointed “Best Non-Bank Private Wealth Product”

CreditEase has been recognized as the  “Best Non-Bank Private Wealth Product” by The Asian Banker, a Singapore-based provider of strategic intelligence on the financial services industry. The “Best Non-Bank Private Wealth Product” award was created to recognize the institution with the ability to meet the… Read More

China: WeiyangX Fintech Review

CreditEase is Confronted with Another Tuition Loan Fraud Earlier this month, Chinese p2p lending platform CreditEase was confronted with another tuition loan fraud. TOEIC English, a TOEFL training institution which launched a collaborative tuition loan product with CreditEase, was found shuttered with no reason. Students… Read More

Pile On: Yirendai Now Has Eight Lawsuits Against Them

At the most recent count, China-based peer to peer lender Yirendai (NYSE:YRD) has at least eight class-action lawsuits filed against the company following the enactment of new regulations directed towards the booming online lending industry in China. The firms that have made public proclamations are as… Read More

Yirendai Gets Hit with Several Lawsuits on Share Price Decline

The several law firms have filed class-action lawsuits on behalf of shareholders of Yirendai (NYSE:YRD) who acquired shares at some point during 2016 – some of the filings are specifying date ranges. The reason this is interesting is that these law firms are faulting Yirendai… Read More

13 New Restrictions for China P2P Lenders as Rules Sink In

Announced earlier this week, China has finally revealed its regulatory approach to online lending. To put this into perspective, peer to peer lending is huge in China – the largest online lending market in the world. The rapid ascension of P2P lending was driven by… Read More

Shares in Yirendai Jump as Chinese P2P Lender Executes on Objectives

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced Q2 results last week and the markets liked what they heard. While Yirendai held their earnings call on Wednesday, August 10th, it has taken a few days for the news to sink in…. Read More

David Snitkof of Orchard Shares Unique Insight into Online Lending Market Dynamics

Orchard Marketplace is a platform that is uniquely positioned at the intersection of institutional money and online lending. If you are a large investor you are using Orchard to manage and access loans on all marketplace lending platforms. This perspective means that Orchard can easily… Read More

CreditEase Grows VC Team to Invest in Fintech

CreditEase, the largest peer to peer lender in China, is boosting its VC team as it continues its global expansion strategy.  A few days back, according to a report in ECNS, CreditEast appointed Anju Patwardhan, previously the Global Chief Innovation Officer at Standard Charter Bank…. Read More

China Update: Guidelines, Not Rules Quite Yet for Alternative Finance

  China is the largest market for alternative finance in the world. According to the Cambridge Centre for Alternative Finance (CCAF), China delivered over $100 billion in alternative finance, including peer to peer lending and crowdfunding, in 2015.  This was more than a 3X jump… Read More

#LenditUSA Bigger than Ever as Online Lending Begins to Mature

  LenditUSA 2016 was bigger than ever. If you look back just three years the venue and the organizers have scaled what was once a relatively small gathering of 375 industry participants in 2013 to one that is truly a global event with over 3,500… Read More

CreditEase Leads Creation of the National Internet Finance Association of China

Late last month the National Internet Finance Association of China (NIFA) was launched during a ceremony in Shanghai. CreditEase, the first (and largest) peer to peer lender in the country, was elected as an Executive Director to the new entity. Former People’s Bank of China Deputy… Read More

Ning Tang, CEO Of CreditEase, Discusses Chinese P2P Regulations & Future of Online Lending

    At the Continuum SF Innovation and Credit Conference in San Francisco I recently attended, those present listened to a solid lineup of speakers discuss business development and more in SF and across the Pacific in China. Speakers included SF Mayor Ed Lee; Rob Suber,… Read More

China – US Event to Focus on Future of Marketplace Lending

Industry representatives from the two largest economies in the world, China and the United States, will gather in San Francisco later this month to discuss the future of P2P / marketplace lending.  The conference is organized by Sync US International (Chi Mei International) a bilateral “resource”… Read More

The Questions Everyone Should be Asking P2P Lender CreditEase About Yirendai IPO

On November 16, 2015, Yirendai, an “online” Chinese marketplace lending platform, filed its Form F-1  (Form F-1 /A) with the SEC for an IPO listing on the NYSE. Yirendai is a subsidiary of CreditEase, a sizeable financial services firm in China that provides lending and wealth… Read More

Quotes From #LenditEurope: About China’s 2,000 Lending Platforms & More

Part II: Seen & Heard at Lendit Europe If you missed attending Lendit Europe, you missed a great event. You can catch up on a selection of presentations on Lendit . For short skimming, we’ve selected a few thought-provoking quotes from day 2. You may also… Read More

CreditEase Targets Investor Protection

With new rules pending, the peer to peer lending market is jostling for position.  CreditEase, the first P2P lender in China, recently cemented an agreement with China Guanfa Bank as part of a push to assure investors their money is safe. According to a report… Read More

CreditEase CEO: Thoughts on Internet Finance

Ning Tang, CEO and founder of CreditEase – the first peer to peer lending platform in China, recently shared “ten thoughts” about the evolution of P2P lending and online finance. CreditEase was founded in 2006 prior to P2P lending becoming a popular term, the CreditEase… Read More

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