A notice on Laocaibao’s website announcing its closure on Tuesday. Photo: WeiboA notice on Laocaibao’s website announcing its closure on Tuesday. Photo: Weibo
A notice on Laocaibao’s website announcing its closure on Tuesday. Photo: Weibo
Business /  Banking & Finance

Shanghai-based Zendai closes two P2P units worth US$1.4 billion as Beijing intensifies crackdown

  • The P2P platforms operated by the private investment company employed 5,000 and operated 135 outlets across the mainland
Topic |   Peer-2-Peer
Zhang ShidongDaniel Ren
Zhang Shidong and Daniel Ren

Updated: 11:34pm, 13 Aug, 2019

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A notice on Laocaibao’s website announcing its closure on Tuesday. Photo: WeiboA notice on Laocaibao’s website announcing its closure on Tuesday. Photo: Weibo
A notice on Laocaibao’s website announcing its closure on Tuesday. Photo: Weibo
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