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
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
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