June 12, 2015
China is the largest peer-to-peer lending market in the world. In China, loans to entrepreneurs through Internet-based peer-to-peer lending totaled about $42 billion last year. Although analysts predict the US to be the pathfinder for peer-to-peer (P2P) lending, China’s P2P market is almost four times that of the US. Three years ago, there were only 50 P2P Platforms. By the end of 2014, there were 1,575 P2P platforms operating in China, according to Wangdaizhijia, a data provider.
P2P lending has taken off in China
The demand of P2P lending in China has overshadowed that of the US where the model was first d ...