Shenzhen online loan platform Xiaoniu88.com to exit

On May 9, Xiaoniu88.com announced on its official website that after careful consideration, the company decided to withdraw from the online loan industry and gradually settle remaining online loan business.

On May 9, Xiaoniu88.com announced on its official website that after careful consideration, the company decided to withdraw from the online loan industry and gradually settle remaining online loan business.

The reason is that in the past two years, the operating environment of the online loan industry has deteriorated, the investment risks of lenders and the operating risks of the platform have increased, and the global epidemic has greatly increased the future uncertainties.

The above announcement also stated that during the exit period, the platform shareholders and executives will not run away, lose contact, or withdraw capital, and will advance and retreat with all lenders.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/11/shenzhen-online-loan-platform-xiaoniu88-com-to-exit/.

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