Zhang Shishi, co-founder of Renrendai, believes ‘an oligopoly of just a few players’ will remain. Photo: SCMP Handout
Just a few big Chinese P2P lenders seen surviving in sector tarnished by scandal
Having once enjoyed breakneck growth, China’s P2P lending sector was later rocked by a series of fraud scandals that prompted a government clean-up
Topic |
Regulation
Zhang Shishi, co-founder of Renrendai, believes ‘an oligopoly of just a few players’ will remain. Photo: SCMP Handout