Tagged: yirendai

Ning Tang, CEO of CreditEase, Shares Insight into P2P Lending in China

Ning Tang, founder and CEO of CreditEase – a huge Chinese Fintech that started as just a peer to peer lending platform, recently spoke to Bloomberg in Asia. CreditEase is also the majority shareholder of US listed online lender Yirendai (NYSE:YRD) Tang provided an interesting… Read More

China: WeiyangX Fintech Review

Baihang Credit Rating Announces the First 15 Crew Members On June 28th, Baihang Credit Co., Ltd. announced its first crew members in Shenzhen. These 15 institutions are mainly Fintech and consumer finance companies, including Yirendai and PPDAI. According to the cooperation agreement, these 15 institutions… Read More

Yirendai Announces Institutional Funding from Goldman Sachs

Chinese fintech Yirendai announced on Tuesday global investment banking group Goldman Sachs has provided it with RMB 324 million of funding for a term of three years. While sharing details about the investment,  Dennis Cong, Chief Financial Officer of Yirendai, stated: “We are very excited to see the… Read More

Chinese Fintech Yirendai Debuts Up to $20 million Share Repurchase Program

Yirendai Ltd. (NYSE: YRD), a fintech company that’s based in China, announced on Monday its board of directors has approved a share repurchase program whereby Yirendai is authorized to repurchase its ordinary shares in the form of American depositary shares with an initial aggregate value of up to $20 million. While sharing more details about the… Read More

Chinese Fintech Yirendai Unveils Fourth Quarter & Full Year 2017 Financial Results

Yirendai Ltd. (NYSE: YRD) (“Yirendai” or the “Company”), a leading fintech company in China, announced on Thursday the release of its unaudited financial results for the quarter and full year ended December 31, 2017. The company reported that in the fourth quarter of 2017, it facilitated RMB 13,438.5 million (US$2,065.5 million)… Read More

Yirendai Forms Partnership with PICC Property and Casualty to Launch Surety Insurance Program

On Thursday, Chinese fintech Yirendai Ltd. (NYSE: YRD) announced it has entered into a three-year business agreement with PICC Property and Casualty Company Limited. The company reported that under the terms of the Agreement, PICC P&C will provide surety insurance for loans, with a maximum term of… Read More

Yirendai Announces Connection to NIFA’s Internet Finance Industry Credit Information Sharing Platform

China-based fintech Yirendai announced on Tuesday it has connected to the Internet Finance Industry Credit Information Sharing Platform, which was established by the National Internet Finance Association of China (NIFA). Yirendai has also been selected by NIFA to participate in a pilot project to enable automatic queries and… Read More

Yirendai Makes $50 Million Strategic Investment in Finance Services Platform Lion Rock

China-based fintech Yirendai announced on Wednesday it has made a $50 million strategic investment in Lion Rock through the financial service platform’s Series A funding round. According to Yirendai, Lion Rock is headquartered in Hong Kong and is licensed by the Hong Kong Securities and… Read More

Yirendai Receives ISO 27001 Certification From British Standards Institution

Chinese marketplace lending platform Yirendai (NYSE: YRD) announced on Friday it has received its ISO 27001 Certification from the British Standards Institution. According to the online lender, the ISO 27001 certification is an internationally recognized best practice framework for an information security management system (“ISMS”) and… Read More

Lawsuit Against P2P Lender Yirendai Dismissed

Yirendai (NYSE:YRD), a China based peer to peer lender that is a sister company of CreditEase, has shared that a lawsuit filed against it in 2016 has been completely dismissed. The putative class action lawsuit was brought by multiple law firms pertaining to the decline in… Read More

Yirendai Announcement: Makes Incremental Progress in Facilitating Loan Products With Asset-Backed Security Structure

Chinese marketplace lending platform Yirendai (NYSE: YRD) announced on Thursday it has made incremental progress in facilitating consumer loan products with asset-backed security (ABS) structure. This news comes just a couple weeks after the online lender entered into an agreement of intent with the Beijing branch of… Read More

P2P Lender China Rapid Finance Sets Terms for US IPO

  China Rapid Finance, a peer-to-peer (P2P) lender based in Shanghai, China, announced that it has set the terms for its upcoming US IPO. The company plans to raise $105 million through the offering of 10 million shares priced between $9.50 to $11.50 a share. At… Read More

Yirendai Announces Agreement of Intent on Performance Bond With PICC P&C

Chinese marketplace lending platform Yirendai (NYSE: YRD) announced on Thursday it has entered into an agreement of intent with the Beijing branch of PICC Property and Casualty Company Limited (PICC P&C). Yirendai reported that under this new agreement, PICC P&C would provide Yirendai with a… Read More

China: WeiyangX Fintech Review

China Development Forum 2017 Talked About Systematic Risk in Fintech Industry The annual session of China Development Forum 2017, organized by the China Development Research Foundation, was hosted by the Development Research Center of the State Council of China on March 18-20, 2017 at the… Read More

Yirendai Releases Q4 Results. Reports 100% Growth in Year Ov

Yirendai Ltd. (NYSE:YRD), a prominent online lender in China, announced its unaudited financial results for the quarter and full year ended December 31, 2016. Folowing the release, shares moved lower in pre-market trading. In Q4 of 2016, Yirendai reported it had facilitated 194,505 investors with total… Read More

Yirendai Appoints Dr. Yichuan Pei As New Chief Credit Officer

Chinese marketplace lending platform Yirendai announced on Thursday it has appointed Dr. Yichuan Pei as its new Chief Credit Officer. According to the lender, Dr. Pei will be responsible for the over management of its credit department to ensure that the credit risk of loan… Read More

Seen & Heard at LendItUSA 2017: An Industry Built to Last

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

Yirendai Presents New Open Technology Platform at 2017 LendIt USA Conference

Yirendai (NYSE: YRD) announced the launch of its new open technology platform, Yirendai Enabling Platform (YEP), during the 2017 LendIt USA Conference, which was held earlier this week in New York City. According to Yirendai, the new platform enables part companies to utilize its data… Read More

CreditEase Anointed “Best Non-Bank Private Wealth Product”

CreditEase has been recognized as the  “Best Non-Bank Private Wealth Product” by The Asian Banker, a Singapore-based provider of strategic intelligence on the financial services industry. The “Best Non-Bank Private Wealth Product” award was created to recognize the institution with the ability to meet the… Read More

Yirendai Appoints Chaomei Chen as New Independent Director

Yirendai (NYSE: YRD) announced on Monday it appointed Chaomei Chen as an independent director. Chen has reportedly been part of the Chinese marketplace lender’s Advisory Committee since January 2016 and been providing strategic advice and insight to the senior management team on a range of issues such… Read More