Dianrong raises cash

Source: Xinhua | 2018-08-08

SHANGHAI’S peer-to-peer online lending platform Dianrong said yesterday it had received a US$40 million investment from Dalian-based Golden Investment Group. 

The injection from Golden will “improve investor confidence,” according to Dianrong. The funds will be used in fintech, supply chain finance services and to help Dianrong find more high-quality and reliable assets.