Tagged: dianrong

Report: Dianrong CFO Allegedly Beats Up CEO’s Cousin in Theft Dispute, Sends Employee to Hospital (Video) [u]

There is drama today at leading Chinese peer to peer lending platform Dianrong. Dainrong was founded in 2012 by Soul Htite, a prominent Fintech executive who was the former CTO of Lending Club. In fact, the online lender has been described as the “LendingClub of China…. Read More

Dianrong Announces Addition of Supply Chain Finance Solution to R3’s Corda Blockchain Platform

On Thursday, Chinese marketplace lending platform Dianrong announced its supply chain finance solution will be made available on Corda, R3’s blockchain platform for finance and business. According to the online lender, the new Corda app, CorDapp, will further expand Dianrong’s reach both in China and globally by leveraging… Read More

Dianrong & Sino Guarantee Announces Lenders Protection Plan Launch

Dianrong and China United SME Guarantee Corporation, known as Sino Guarantee announced the launch of a new lenders protection plan for Dianrong customers. According to the duo, this new protection plan went into effect at the beginning of 2018 and is designed to provide third-party… Read More

China: WeiyangX Fintech Review

P2P lending platform Dianrong Secures $70 million D-round funding On January 24th, online lending platform Dianrong.com announced 70 million US dollars D-round funding. This round of investment was led by ORIX’s wholly-owned-subsidiary ORIX Asia Capital Co., Ltd.. CITIC Securities CITIC Securities subsidiary CITIC Lyon also… Read More

Dianrong Secures $70 Million During Series D Funding Round Led By ORIX Asia Capital

Chinese peer-to-peer lending platform Dianrong announced on Tuesday it secured $70 million during its Series D funding round, which was led by ORIX Asia Capital with participation from CLSA, the overseas platform of CITIC Securities. While sharing details about the latest investment, Soul Htite, Founder and… Read More

Dianrong Announces Strategic Agreement With Dalian Finance Development Bureau & Dalian Finance Industry Investment Group

Chinese peer-to-peer lending platform Dianrong announced on Thursday it has signed a strategic agreement with Dalian Finance Development Bureau and Dalian Finance Industry Investment Group. Dianrong revealed that according to the agreement it will be developing a series of specific projects in partnership with the Dalian government,… Read More

China: WeiyangX Fintech Review

Tsinghua PBCSF Releases China’s First Fintech Enterprise Database at the 4th World Internet Conference (Wuzhen Summit) The Fourth World Internet Conference (Wuzhen Summit), themed as “Developing Digital Economy for Openness and Shared Benefits — Building a Community of Common Future in Cyberspace“, was successfully concluded… Read More

Dianrong Leadership Shake-Up: Lender Announces New CEO, Executive Chairman, & Co-Chairman

On Thursday, Chinese peer-to-peer lending platform Dianrong announced it has made a series of senior executive announcements. The online lender revealed Founder and former CEO, Soul Htite, has been named Executive Chairman, while Co-Founder and Co-CEO, Kevin Duo, was appointed Co-Chairman of the board. Former… Read More

China: WeiyangX Fintech Review

  The State Council of China Encourages the Development of a Smart Supply Chain The State Council on October 13, 2017, released a guideline on promoting the innovation and application of the supply chain. The document was aimed at establishing a smart supply chain system… Read More

Dianrong Teams Up With FinEX Asia Launch Fintech Asset Management Platform

On Wednesday, Dianrong announced it has teamed up with FinEX Asia to launch what it claims to be Asia’s first fintech asset management platform. According to the duo, FinEX Asia combines its risk management expertise with Dianrong’s fintech capabilities to give Asian investors access to a diverse… Read More

Largest Lender: Funding Societies is First P2P Lender to Join International Association of Credit Portfolio Managers

Singapore based Funding Societies has become the first peer-to-peer lending platform to become a member of the International Association of Credit Portfolio Managers (IACPM), a prestigious forum for credit risk management. Funding Societies also reported that risk expert Terry Tse has joined the online lender’s… Read More

China: WeiyangX Fintech Review

China Sets up Centralized Clearing Platform for Online Payments The People’s Bank of China, the country’s central bank, has required all banks and third-party payment institutions to connect to a unified platform by June 30 of 2018 to ensure effective regulation and transaction security. The… Read More

Journal Entry: LangDi FinTech Conference in Shanghai. The Biggest Fintech Meetup In The World!

Familiar Faces This is the second year that I travelled to China for the LangDi FinTech Conference in Shanghai. What a difference a year makes? Last year, the conference had a massive showing of over 1,300 attendees. This year, the conference nearly doubled to 2,400… Read More

Chinese P2P Dianrong Secures $220 Million Through Series D Funding Round Led By GIC Private Limited

Chinese peer-to-peer lending platform Dianrong announced on Wednesday it successfully secured $220 million during its Series D round funding, which was led by GIC Private Limited with participation from CMIG Leasing, Simone Investment Managers, and other institutional and individual investors. The funding round comes just two… Read More

LendIt China July 9th 2017 – Journal Entry: AMTD + LendIt: Fintech, The 4th Industrial Revolution.

Hong Kong AMTD-LendIt Conference officially kicked off today in one of the most metropolitan cities in the world, Hong Kong, China. This town, considered as one of the busiest financial centers of the world is now on the brink of another step in this city’s… Read More

Chinese P2P Dianrong Announces Acquisition of Quark Finance

Chinese peer-to-peer lending platform Dianrong announced on Wednesday it has acquired Quark Finance’s asset-origination operations. According to the online lender, the transaction will expand and strengthen its existing asset generation capabilities across Asia. Dianrong reported that Quark Finance currently operates 71 borrower service centers in 47 Chinese… Read More

China: WeiyangX Fintech Review

Xiaomi Opens Xiaomi Lending to Android Users On April 11, Xiaomi Corp., China’s leading mobile phone maker, launched the mobile application Xiaomi Lending in Android market, signaling a strong ambition to expand in the country’s booming Internet Finance sector. When Xiaomi Lending was first launched… Read More

Dianrong Announces New Financial Leadership Appointments

Chinese peer-to-peer lending platform, Dianrong, announced on Tuesday the following financial leadership changes, effective immediately: Xuxia Kuang, the lender’s CFO, has been named COO. Yawen Cui has joined Dianrong as the new CFO. Kuang and Cui will report to Dianrong founder and CEO Soul Htite…. Read More

Dianrong Reports: Cumulative Trading Amount Exceeds RMB 16.2 Billion in 2016

Chinese peer-to-peer lending platform, Dianrong, announced on Tuesday its 2016 annual results. The company revealed that the cumulative trading amount exceeds RMB 16.2 Billion, which is notably a year-on-year increase of 148%, and growth in loans issued was funded by 3.62 million investors. Dianrong CEO,… Read More

P2P Lender Dianrong Joins Hyperledger Blockchain Project

Chinese peer-to-peer lending platform, Dianrong, announced on Friday it is officially joining blockchain alliance, the Hyperledger Project. The portal claimed to be the first peer-to-peer company among the project’s 22 Chinese members. The Hyperledge Project, which was established by the Linux Foundation at the end… Read More

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