P2P Firms Exploring Brave New Credit World

By staff reporter Shen Hu

Thousands of employees linked in a 30-city network that provides loan services across China are not working for a bank, nor even a company with a financial sector license. They work for China's leading, domestic peer-to-peer (P2P) lending concern, the microfinancier CreditEase.

Although the company won't comment, industry sources say CreditEase's monthly loan business exceeds 100 million yuan.

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