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Ezubao (Chinese: e租宝) was a peer-to-peer lending scheme based in the eastern Chinese province of Anhui.It was set up as an online scheme in July 2014, attracted funds of about 50 billion yuan ($7.6 billion) from 900,000 investors, and ceased to trade in December 2015.
China's peer-to-peer lending market looks for further disruption this year with more platforms likely to be shut down as regulators attempt to rein in the scandal-plagued sector despite huge ...
Across the city, others who had lost money investing in China's online peer-to-peer (P2P) lending platforms - including some who had travelled from as far away as Shandong and Shanxi provinces ...
P2P platforms gather funds from retail investors and loan the money to small corporate and individual borrowers, promising high returns. China arrests 62 suspects abroad, $1.5 billion seized in ...
A far-reaching anti-corruption campaign began in China following the conclusion of the 18th National Congress of the Chinese Communist Party (CCP) in 2012. The campaign, carried out under the aegis of Xi Jinping, General Secretary of the Chinese Communist Party, was the largest organized anti-corruption effort in the history of CCP rule in China.
Pinduoduo was founded in 2015 by Chinese businessman and software engineer Colin Huang and initially focused on the agriculture industry. [5] [6] It developed at a time when Alibaba and JD had significantly consolidated the Chinese e-commerce market and many analysts believed there was limited room for new market entrants.
Last year, China was rocked by a surge of corruption probes ensnaring individuals from a vice central bank governor to a former chairman of its biggest oil and gas company, adding to unease in an ...
In September 2014, the company was noted as "Beijing's largest real estate agency by market share" with 52% of the market, at which point it had 1,500 branches in eight cities. [1] On October 24, 2014, Homelink stopped the cooperation with "Fang.com" and lost part of real-estate information and resources. But it changed its brand name to "Lianjia".