M&A still beckons amid Chinese P2P lending boom

China's P2P lending industry seen ripe for consolidation due to tighter rules, even as monthly turnover tops Rmb100 billion for the first time.

M&A still beckons amid Chinese P2P lending boom

Tighter regulation means China's peer-to-peer lending industry is ripe for consolidation even as business continues to grow at an explosive pace.

Turnover on the country's P2P platforms reached a record high of about Rmb115 billion $18 billion in September, according to Online Lending House, a domestic portal that tracks the country’s P2P sector. That is 18% higher than in August and more than four times what was recorded a year earlier,...

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