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Chinese Online Lending Startup Dianrong To Expand Into South Korea

by blogs.wsj.com posted 2years ago 8940 views
While China’s Internet finance market is still in the early stages of its expansion, one of the country’s startups is already expanding its business overseas. The joint venture, which the two companies plan to create early next year, would be Dianrong’s first overseas business. Financial details of the partnership have not been determined yet, Dianrong said. In China, Dianrong runs an online platform that connects borrowers with potential lenders for personal and business loans. It now has 300,000 active lenders, the company says. “We think our business in China will continue growing. We are just scratching the surface and there...