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
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
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
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
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 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
Chinese P2P lender Dianrong announced a new technology agreement with Maggie Ng, a leading consumer banking executive in Asia Pacific, to launch a global fintech marketplace connecting Asian investors with high-quality, low-volatility and largely untapped asset classes, including U.S. consumer lending. Founded in 2012, Dianrong originates… Read More
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
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
LendItUSA, the annual event that jumps between New York City and San Francisco everu 12 months, opened up to larger audiences and an industry sector that endured a challenging year. The online lending sector received a two-punch assault in 2016; a battle that left the… Read More
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
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
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
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
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, 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
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
Recently, Soul Htite, co-founder and CEO of Dianrong.com, one of China’s fastest-growing peer-to-peer lenders, did a little debunking of P2P and conventional banking assumptions. In a recent exclusive interview with FinanceAsia, he noted, One of the common misconceptions of P2P lenders is that they go head-to-head with… Read More
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
Update on a $150 million fundraising round in progress: Chinese online lender Dianrong.com is raising funds in a round that values the startup at about $1 billion, according to people familiar with the matter, notes BloombergBusiness. Investors include Standard Chartered Plc, a British multinational banking and financial services… Read More
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