Details on Ezubao P2P Platform Shutdown are Out: Ponzi Scheme with 95% of Projects Labeled Fake

February 1, 2016 @ 11:21 am By JD Alois |

As reported in December, the Chinese peer to peer lender Ezubao (Ezubo), launched by Yucheng in 2014, was shuttered by authorities as employees were questioned and managers were arrested by police. Now Xinhua and other news outlets are providing details that are shaking up the… Read More

China: “Up to 90% of the Platforms in the Industry Will Face Sweeping Changes”

December 30, 2015 @ 11:37 am By JD Alois |

This is a pretty powerful statement coming out of China in response to the recently announced peer to peer lending rules. Xu Hongwei, CEO of Shanghai-based Yingcan Group, a research company that tracks the myriad of P2P lenders in China. As quoted in China News, Xu Hongwei… Read More

Read more in: Asia, Global | Tagged asia, china, ezubao, ezubo, liu shengjun, p2p, peer to peer, xu hongwei