WebMar 4, 2024 · Dianrong has laid off as many as 2,000 employees amid a regulatory crackdown. This is an excerpt from a story delivered exclusively to Business Insider Intelligence Fintech Briefing subscribers ... WebDianrong is an online marketplace lending company that uses technology to transform the way China is financed to help enrich people’s lives. Dianrong offers individuals and …
Dianrong, Quark Finance launch innovative credit factory
WebDianrong is an online marketplace lending company that uses technology to transform the way China is financed to help enrich people’s lives. Dianrong offers individuals and small and medium-sized enterprises a … WebApr 25, 2024 · IPO talk around Dianrong goes back at least to 2015 when The Wall Street Journal reported that Htite had set his sights on a $500m public offering. His last P2P … earn undergraduate degree in matheamtics
China’s crackdown on internet finance hurts online lender Dianrong
WebDianrong (Simplified Chinese: 点融网 pinyin: Diǎnróng Wǎng) is an online marketplace lending company headquartered in Shanghai, China. Named the “Lending Club of China”, the company was founded in 2012 by Soul Htite, co-founder and former CTO at Lending Club, who joined efforts with Kevin Guo, a PE fund partner and a lawyer from Shanghai … WebDianrong had recently announced the acquisition of the asset-origination operations of Shanghai-based Quark Finance, augmenting Dianrong’s asset management and credit evaluation capabilities across China, as well as a new initiative to develop the first blockchain platform for supply chain finance in China. ... Harvard Business School … WebMar 19, 2024 · The overdue rate for Dianrong is also high compared with other established platforms. In January, Dianrong’s loan overdue rate was 9.9%, approaching the level that the government considers as “high-risk.”. Chinese P2P lending unicorn Lufax recently disclosed its overdue rate to be at 2.3% in 2024, Renrendai also reported a lower rate of … ct 194603