Caixin
Jun 29, 2018 08:01 PM
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.

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