Tagged: yirendai

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

Yirendai Named One of the Internet Financial Industry Information Sharing Platform’s Inaugural Members

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced on Tuesday it has been named an inaugural member of the Internet Financial Industry Information Sharing Platform(IFIISP). According to the company, the IFIISP was launched by China Internet Finance Association (CIFA) and aims to… Read More

Pile On: Yirendai Now Has Eight Lawsuits Against Them

At the most recent count, China-based peer to peer lender Yirendai (NYSE:YRD) has at least eight class-action lawsuits filed against the company following the enactment of new regulations directed towards the booming online lending industry in China. The firms that have made public proclamations are as… Read More

Yirendai Gets Hit with Several Lawsuits on Share Price Decline

The several law firms have filed class-action lawsuits on behalf of shareholders of Yirendai (NYSE:YRD) who acquired shares at some point during 2016 – some of the filings are specifying date ranges. The reason this is interesting is that these law firms are faulting Yirendai… Read More

13 New Restrictions for China P2P Lenders as Rules Sink In

Announced earlier this week, China has finally revealed its regulatory approach to online lending. To put this into perspective, peer to peer lending is huge in China – the largest online lending market in the world. The rapid ascension of P2P lending was driven by… Read More

Shares in Yirendai Jump as Chinese P2P Lender Executes on Objectives

Yirendai (NYSE:YRD), the publicly traded offshoot of huge P2P lender CreditEase, announced Q2 results last week and the markets liked what they heard. While Yirendai held their earnings call on Wednesday, August 10th, it has taken a few days for the news to sink in…. Read More

Brief: Yirendai Appoints Yang Cao As New Chief Operating & Technology Officer

Yirendai Ltd. (NYSE: YRD), an online consumer finance marketplace in China, announced on Monday that it has appointed Yang Cao as both chief operating and technology officer. The website revealed that Cao will lead its technology, product and engineering divisions and oversee business operations including customer acquisition, business development and… Read More

Yirendai Announces Issuance Completion of RMB 250M Asset-Backed Securities & Chief Technology Officer Resignation

Yirendai Ltd. (NYSE: YRD), an online consumer finance marketplace in China, announced on Monday the completion of issuance of RMB 250 million asset-backed securities (“ABS”). Last month,  Yirendai announced this week it will be considered as the first online consumer finance marketplace in China facilitating consumer loan products with the… Read More

Brief: Yirendai Now Faciliates Loan Products with Asset-Backed Security Structure

Yirendai Ltd. (NYSE: YRD),  an online consumer finance marketplace in China, announced this week it will be considered as the first online consumer finance marketplace in China facilitating consumer loan products with asset-backed security (“ABS”) structure. Yirendai reported that as part of its strategy to diversify and expand… Read More

Ning Tang, CEO Of CreditEase, Discusses Chinese P2P Regulations & Future of Online Lending

    At the Continuum SF Innovation and Credit Conference in San Francisco I recently attended, those present listened to a solid lineup of speakers discuss business development and more in SF and across the Pacific in China. Speakers included SF Mayor Ed Lee; Rob Suber,… Read More