China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong
China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong
Peer-2-Peer

China’s P2P ‘financial refugees’ face never ending wait to recover lost US$120 billion

  • Scores of Chinese investors suffered losses due to the collapse of peer-to-peer (P2P) lending schemes, with around 800 billion yuan (US$119 billion) still owed
  • P2P firm Ezubao was one of the country’s biggest Ponzi schemes, fleecing more than 50 billion yuan from about 900,000 investors

Topic |   Peer-2-Peer
China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong
China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong
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