Chinese P2P lending player Dianrong gets $40m
Chinese peer-to-peer (P2P) lending business Dianrong has received $40 million in funding from Dalian Financial Industry Investment Group – a joint venture investment platform established by Orix Group and the Dalian city government – against a backdrop of uncertainty for the industry.
Orix Asia Capital, a unit of the Japanese financial conglomerate, led the company’s $70 million extended Series D round earlier this year with participation from CLSA. That took the overall size of the...
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