Jul
02
Payments Problems Soar In China’s Growing P2P Lending Industry
ByChina’s P2P lending business grew rapidly in the first half of the year, but repayment problems are soaring too, according to a report.
The number of P2P platforms that reported problems in June rose to 125, more than double the figure for May, according to a report by Online Lending House. Topping the list of problems was that borrowers that “ran away,” according to the report. Between January and June, the number of P2P websites increased to 2,028 from 1,627, the report said…
Payments Problems Soar In China’s Growing P2P Lending Industry
