Show Notes
China’s online peer-to-peer lending industry has been in turmoil for the last three years as financial regulators have clamped down as part of “de-risking” efforts. Tuandai.com, a top P2P lender, collapsed in March due to turnover problems. As of February, the platform had more than 220,000 investors with RMB 14.5 billion ($2.15 billion) in outstanding loans. The company is under investigation for illegal fundraising, leading to the arrest of 41 people so far, including co-owners Tang Jun and Zhang Lin. This week, Andrew Polk, partner at Trivium China, joins us to discuss what's happening with the P2P lending industry in China. Key questions:
What role has the government played in the growth and death of P2P lending? How is the crackdown on cryptocurrency different from the tightening regulations around P2P lending? Are P2P companies really tech companies, as many claim? Can we expect companies like Dianrong to survive this round of government scrutiny?
Links
22: P2P lending, retail banking, and the future of online services with Ling Kong The Trivium Tip Sheet Become a member of TechNode Squared Get your tickets to the first annual
Guest
Andrew Polk, @andrewpolk81
Hosts
John Artman, @knowsnothing, TechNode Matthew Brennan, @MattyBGoooner, ChinaChannel
Producer
Peter Isachenko
Podcast information
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