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China’s Once-Hot Peer-to-Peer Lending Business Is Withering

  • 📰 WSJ
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इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

Peer-to-peer lending is on its last legs in China, which once led the world in the industry

BEIJING—China’s peer-to-peer lending industry, once a world-beater, is on its last legs.

Entrepreneurs had hoped to fill a gap in the Chinese financial system ignored by state-backed banks. Thousands of peer lenders flourished, gathering funds from small investors and extending credit to family restaurants, parents with tuition bills to pay and other small borrowers. Several larger players such as Yirendai Ltd., PPDAI Group Inc. and Qudian Inc. went public in the U.S.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

Fear to Fear lending

P2P disease spreading has replaced it.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 98. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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स्रोत: Reuters - 🏆 2. / 97 और पढो »