Be cautious about P2P lending

Open P2P Design Workshop, Singapore KICX1642
p2p Singapore

Image by alterdesign2009

Be cautious about P2P lending
As with equity crowdfunding, I suggest that would-be P2P investors go in with their eyes open and see themselves as pioneering contributors to an ecosystem in Singapore that empowers innovators and entrepreneurs to become the next Sim Wong Hoo, Jack …
Read more here.

'Why I invested in China's giant Ponzi scheme'
The 60-year-old investor, who asked that CNBC not use her full name, had been reluctant at first to put money into the fast-growing, Anhui-based peer-to-peer (P2P) lender. "I had doubts at the … Ding Ning, 34, president of Yucheng and the founder of …
Read more here.

Calling small business owners! Modalku might just be the startup you're
The inspiration to start a P2P lending platform grew when both founders were studying at Harvard University, where they first learned about how crowdlending impacts societies in the US, China, and Singapore. “It is certainly a different market with …
Read more here.

Don't Bury the Books on Lufax
The lurid revelations surrounding Ezubao didn't do much for the image of the P2P sector. Ding Ning, its 34-year-old founder, used the company's capital to buy a 12 million yuan ($ 1.8 million) pink diamond ring and a 130 million yuan villa in Singapore, …
Read more here.

And in the Rest of the World…
On Monday, it was reported that Chinese police arrested 21 people in an ongoing investigation into P2P site Ezubo and parent company, Yucheng International Holdings Group. Described as a classic Ponzi scheme, Ezubo connected lenders and borrowers, …
Read more here.