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Shanghai-based peer-to-peer lending platform Dianrong, which raised over half a billion U.S. dollars previously during more exuberant times, has just received a US$40 million investment from Dalian Finance Industry Investment Group (DFIIG), according to a company announcement. The financing is a reflection of the tightening capital market conditions available to Chinese P2P firms, as continuous scandals have shaken the public and investors’ confidence in these online lending companies. Full investment news article
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Hedge Fund Manager Barred From Industry For $10.5m Fraud
Enter your details below and select your area(s) of interest to stay ahead of the curve and receive Law360's daily newsletters. Full investment news article