Tagged: dianrong

Sign of a Bottom? Hanwha Life Buys 4.1% of Lending Club

A report in the Korean Herald has pointed to Hanwha Life Insurance purchasing a 4.1% equity stake in Lending Club (NYSE:LC).  Hanwha Life spent 75 billion won or approximately USD $66.25 million as they believe its stock is undervalued. PulseNews reported last year that Hanwha… Read More

LendIt forms Partnership with AMTD, Opens Joint Global Office in Hong Kong

LendIt, a global conference and events organizer established by Jason Jones, Peter Renton and Bo Brustkern, has announced a strategic partnership with AMTD Group Limited (AMTD). LendIt released the news during its annual LendIt Europe conference taking place in London today. AMTD and LendIt had previously partnered… Read More

Dianrong Points to Department of Commerce Report Labeling it the P2P Leader in China

Dianrong, a very large peer to peer lender in China (far bigger than any platform in the US), did some chest pounding yesterday.  In a release, Dianrong claimed the US Department of Commerce named the Chinese online lender the “Leader in China’s P2P Lending Segment.”… Read More

Scared Straight: China P2P Executives Given Tour of Shanghai Prison

This is one way to get the message across. According to a report in ECNS, 50 peer to peer lending executives were given a tour of the Qingpu prison in Shanghai.  The tour was described as a “scared straight” session. The concept of being “Scared… Read More

China: A Fast Growing but Chaotic Internet Finance Industry

China’s internet finance industry continues to grow while encountering ongoing challenges as fraud remains prevalent in the loosely regulated sector of the finance industry. Dominated by peer to peer lending (the largest in the world), as of March over 3900 platforms were counted by WDZJ (other… Read More

P2P Lender Dianrong Launches Partnership with Hanwha

Hanwha, one of the largest conglomerate companies in South Korea, has launched a partnership with Dianrong a leading peer to peer lender in China. The as of yet named entity will open an office in Singapore later this month. Hanwha is a Chaebol that formed an technology… Read More

Fintech Moved Mainstream: Reflections on 2015

As 2015 comes to a close, here are some highlights from WWF, the wonderful world of fintech. And what a year it’s been!  At the close of last year, the world watched Lending Club’s astounding IPO. By this November, the firm surpassed $13B from borrowers since its 2006 launch. During… Read More

Dianrong & Hanwha Signs MOU to Begin Global Expansion

Dianrong, a leading Chinese peer-to-peer (P2P) lending platform, and Hanwha S&C announced on earlier this week that that both have signed a Memorandum of Understanding (MOU) which formalizes the intention of a strategic partnership to pursue a FinTech solution business and other businesses related to internet… Read More

Dianrong May Raise $500 Million this Spring. Will Expand Into Other Markets

Dianrong, a leading peer to peer lending platform in China, raised a respectable $207 million a couple months back.  Now the online lender is considering its next funding round which may hit half a billion dollars as the Chinese P2P market continues to outpace traditional… Read More

Brief: Credible Closes $10M in Series A Funding Led By Dianrong & LendingClub Co-Founder Soul Htite

Credible, a multi-lender student loan marketplace that allows borrowers to receive competitive loan offers from its vetted lending partners, announced on Wednesday that it has closed its recent $10 million Series A funding round. This round was led by Soul Htite, founder and CEO of Dianrong.com/ co-founder… Read More

P2P Lender Dianrong Receives $207 Million Investment led by Standard Chartered

Dianrong, a Chinese peer to peer lending platform, has received a new funding round in the amount of $207 million led by Standard Chartered with  participation from China Fintech Fund and Bohai Leasing.  The Series C funding was declared the largest ever for the direct… Read More

Soul Htite: “We want to bring US Capital to China”

China is the largest peer to peer lending market in the world with one estimate placing total loans at over $53 billion for all of 2014. Last week we reported that loan originations were near $10 billion – for just the month of May.  The space… Read More

Is China Going Through a Peer to Peer Lending Crisis?

According to Guan Jianzhong of Dagong Global, a company that monitors and rates peer to peer lending platforms, of the 1,587 p2p platforms it observes, 393 have been blacklisted and an additional 668 were given risk warnings – a staggering percentage of active peer lenders in… Read More

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