China Is The Largest P2P Lending Market In The World
China is now the largest P2P lending market in the world, where CNY 300 billion (US$47 billion) was exchanged on more than 2,000 P2P lending platforms in just the first half of 2015. While the industry has experienced exponential growth, there’s a darker side as it continues to be fraught with fraud and embezzlement. As P2P lending in China reaches a tipping point, Forrester expects many platforms to fail, and only sophisticated and innovative platforms will survive and thrive.
This new report takes an in-depth look at P2P lending platforms in China, including the main players, key differences between Chinese P2P lending platforms and those in the UK and the US, the problems that Chinese P2P lending marketplaces address, the challenges that these P2P lending platforms face, and best practices in the P2P lending industry.
Visit the eBusiness & Channel Strategy blog to learn more about this report.