Caixin
FINANCE

Another Online Lender Falls Under Investigation

Shanghai police have detained four senior executives of online lending platform Tangxiaoseng since June 16. Photo: IC
Shanghai police have detained four senior executives of online lending platform Tangxiaoseng since June 16. Photo: IC

Another online peer-to-peer (P2P) lender has fallen under investigation on suspicion of illegal fundraising as the crackdown continues on China’s scandal-plagued internet finance industry.

Shanghai police have detained four senior executives of Tangxiaoseng, an online lending platform controlled by Zibang Financial Service Internet Technology Co. Ltd., since police began investigating the platform on June 16, Caixin has learned.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.