The number of online credit users reached 160 million in China in 2016 and 200 million in 2017; and, it is estimated to grow with an annual compound growth rate of 15.9% according to data from iResearch.
The attention of VC on P2P in China started around 2010; and, about 170 online lending platforms received investment between April 2010 and June 2017.
The total transactions of China's P2P lending market reached 2,324 billion yuan in 2017, accounting for 39.3% of the total online lending market in China; and, it's estimated to exceed 4,500 billion yuan in 2020.
The number of P2P investors totaled 12.7 million in China in 2016 while the borrowers reached 8.76 million. The average P2P loan dropped below 200 thousand yuan since 2016 when a regulation was released by the government to set loan ceiling of 200,000 yuan.
Top P2P Lending Platforms in China
Lu.com (formerly Lufax): full name Shanghai Lujiazui International Financial Ass...
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