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China Rapid Finance: The Collapse of China's P2P Lending Industry
Kirby, William C.; Yining Cao, Bonnie; McHugh, John P.Case HBS-321124-EFinanceChina's peer-to-peer (P2P) lending industry had over 3,000 platforms at its height in 2015. China Risk Finance (CRF) was one of the country's P2P success stories. With over 1 million borrowers using CRF's platform, it raised $60 million in its 2016 IPO onStarting at €8.20