Posted inChina

Tuandai under investigation for illegal fund-raising 

Dongguan-based peer-to-peer lending platform tuandai.com is being investigated for illegal fund-raising, the public security bureau of Dongguan said in a statement. It means the more than 220,000 investors who lent their money to borrowers via Tuandai are unlikely to get back a total of 14.5 billion yuan (US$2.15 billion) in outstanding loans. According to market […]