China’s JD launches P2P lending platform
Chinese private equity firm JD Capital has invested RMB2 billion ($322 million) to launch an online peer-to-peer (P2P) lending platform.
The platform, Jiuxin Finance, is wholly-owned by JD. The GP claims to be the first private equity firm in China to make such a move. Jiuxin Finance, which has yet to begin operations, will initially...
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