Aggrieved investors of online peer-to-peer lender Ezubao during a protest in Beijing on February 4, 2016. As many as 21 people were arrested on charges of defrauding 900,000 people of more than 50 billion yuan (US$7.6 billion), after Ezubao turned out to be a giant Ponzi scheme. Photo AFP

China regulator orders bailout of peer-to-peer lenders by managers of distressed assets

Topic |   Peer-2-Peer

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Aggrieved investors of online peer-to-peer lender Ezubao during a protest in Beijing on February 4, 2016. As many as 21 people were arrested on charges of defrauding 900,000 people of more than 50 billion yuan (US$7.6 billion), after Ezubao turned out to be a giant Ponzi scheme. Photo AFP
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