Hangzhou will clear all P2P services by the end of June

On May 31, Weidai.com.cn, which was established 9 years ago, officially announced its withdrawal from the “P2P” online loan business.

On May 31, Weidai.com.cn, which was established 9 years ago, officially announced its withdrawal from the “P2P” online loan business.

According to media reports, not only Weidai.com, but the few remaining online loan platforms in Hangzhou will clear their online loan business by the end of June.

In addition to Weidai.com.cn, U51.com will also withdraw from its online loan business in late June.

Wacai.com.cn is also “meeting the government’s requirements to transform to develop financial technology.”

Finance, Internet Banking

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/01/hangzhou-will-clear-all-p2p-services-by-the-end-of-june/.

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