Former face of P2P lending in China is jailed. Photo: Reuters
Former face of P2P lending in China is jailed. Photo: Reuters

Founder of P2P lender Tuandai.com sentenced to 20 years in jail for illegal deposit taking

  • Tang Jun, who founded Tuandai.com, was sentenced to 20 years in jail and fined 51.5 million yuan for illegal fundraising
  • The court decision came three years after Tang was arrested on charges of designing fake investment products and disturbing the financial order

Former face of P2P lending in China is jailed. Photo: Reuters
Former face of P2P lending in China is jailed. Photo: Reuters
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