China's online P2P lending jumps four-fold to touch $150b: Report

China's online P2P lending jumps four-fold to touch $150b: Report

Credit: Flickr/401(K) 2012

Lending transactions via China’s peer-to-peer (P2P) platforms reached 982.3 billion yuan ($151 billion) in 2015, according to a report released by Wangdaizhijia.com, a mainland Chinese internet financial services web portal.

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