Dianrong

The fintech start-up raises $70m from Japanese and Chinese financial powerhouses. It could use the money to execute acquisitions ahead of a long-awaited IPO.

The Chinese lender's founders become co-chairmen and hand over day-to-day CEO duties ahead of expected 2018 listing.

One of China's largest peer-to-peer lenders buys Quark Finance's asset-origination arm in ground-breaking M&A deal, a first in the P2P sector.

The Chinese peer-to-peer lender postponed a private funding round that was due to complete in March after the industry was rocked by a Ponzi scandal.

The Chinese peer-to-peer lender hired Loh Long Hsiang, deputy head of China origination and client coverage at Standard Chartered as its new chief operating officer.

P2P lenders will transform the way traditional banks operate but they are not going to fully replace them, says Soul Htite, co-founder and chief executive officer of Dianrong.com.

As internet companies threaten to eat banks' lunch, Singapore's largest lender is striving to be more like tech giants Apple, Google and Alibaba.