Dianrong, a Chinese P2P lending pioneer and technology leader announces that 2016 loan originations reached approximately 16.23 Billion RMB, representing a 148% increase over 2015. Growth in loans issued was funded by an astonishing 3.62 million investors, illustrating the breadth and scope of Dianrong’s business model.
CEO Soul Htite expanded on the strong year: “Since the launch of new online lending regulations in the second half of last year, and with the regulator actively supporting the sector’s development, the online lending industry has been significantly revitalized. Furthermore, with the exit of many platforms from the industry, major players with strong brands and state-of-the-art technology have been given new opportunities to further their development when compared with 2015.”
During the year, Dianrong was named one of China’s top three online lenders by the renowned rating website, Wdzj.com, and Yingcan Consulting Company in their “Development Index Rating of the Top 100 Online Lending Platforms for October 2016“.
The recognition was the result of Dianrong’s effort to enhance its compliance and transparency procedures, for which it scored the No.1 among the top 10 companies in the ranking respectively, making the platform a leader in the industry on these metrics.
Last year marked the fourth consecutive year of strong growth in origination for Dianrong, hitting approximately RMB 60 million, RMB 790 million, RMB 6.55 billion and RMB 16.23 billion in 2013, 2014, 2015 and 2016 respectively.
Since May 2016, Dianrong’s origination significantly increased following the company’s “Real P2P” consumer education campaign in Beijing and Shanghai which makes a positive case for P2P.
The introduction of new online lending rules by the regulator in August helped Dianrong’s trading volumes hit a one-year high in September.
Dianrong has also disclosed more details on how the “Tuan Tuan Zhuan” (“Group Investing”) engine works. If one was to select ‘Classic Group Investing’ for example, every renminbi the client puts in will be diversely invested in more than 239,000 projects in line with their strategic needs, and the client will know about the capital flows of each of their investments and which projects they are invested in. Currently, all the funds are deposited at Hengfeng Bank.
Additionally, during the past year, Dianrong investigated 45,490,000 credit reporting records while strictly controlling the risks of various investments. In 2016, the minimum loan amount Dianrong issued was merely RMB 200.
Read more at PR Newswire
From a product perspective, 2016 was a year of listening. Based on customers’ feedback, Bizzabo added an powerful new features to their product that dramatically impact the way events are planned end executed. These include:
- Hot Leads features that let customers track incomplete registrations.
- A plethora of integrations that allow their all-in-one event success platform to communicate with leading apps like Salesforce, MailChimp, Slack, and TINT.
- Custom CSS and enhance branding options so that customers make their websites exactly as they want them (while still using their stellar drag-and-drop tools).
- SEO functionalities to take customer’s event to the top of search results pages.
- And more!
Another BIG milestone this year was the launch of the Eventovation community, the official Bizzabo community for event planners to discuss, inspire, and grow their event planning careers. Eventovation started off as a single meet-up for the crème de la crème of the events industry. Today, Eventovation is a Private Facebook Group, Medium Publication, and globe-spanning brunch series!
Read more at Bizzabo
CtrlShift, an audience-focused marketing solutions company, has launched its global suite of managed end-to-end solutions, r3 (r-cube).
The suite of managed solutions applies deep insights based on complex data to deliver smarter and highly targeted digital campaigns for brands across multiple channels. r3 – relevance, response, results – uses data, technology and human expertise to help marketers better plan and run their digital brand campaigns to deliver the right ads to the right audience on the right channels. Brand marketers simply need to provide a brief of their desired campaign outcomes, and using r3, CtrlShift strategises and executes a multi-channel campaign to deliver the desired results.
Insights generated by r3 are also beyond basic impressions of ‘clicks’ and ‘views’. They include gender, browsing behaviour, intent and affinities. The reports comprehensively measure the performance and effectiveness of each digital campaign, empowering marketers to strategise the next steps for their campaigns.
Read more at Digital Market Asia
According to a recent press release by Chinese peer-to-peer lending platform, Dianrong.com, the company is set to join the Hyperledger Project, one of the world’s biggest blockchain initiatives. Dianrong.com became the first P2P company from China to join the Hyperledger project.
Joining Hyperledger is a crucial part of Dianrong’s strategy which is focused on making a foray into the blockchain industry. While there is a continued implementation of P2P regulations, Dianrong says that it is committed to being open to various financial technologies.
The Hyperledger Project was first started in2015 by the Linux Foundation with the focus of it being a vehicle to develop open, cross industry, global blockchain standards. Hyperledger project was also meant to develop enterprise technologies that function to make certain operations cost-effective. Hyperledger’s founding members include Intel, JP Morgan, IBM and financial organizations such as the German Stock Exchange and The Chicago Board of Trade. As of today, the Hyperledger Project has over 100 members which include Chinese communication companies such as the Wanda Network Technology Group, Huawei, Hang Seng Electronics and Chinese online finance companies. Dianrong is the only peer to peer Chinese company out of all the current 22 Chinese companies that are currently Hyperledger members.
This past summer, Dianrong’s CEO told the Lendit Summit that Diarong is going to invest $30-$40 million towards blockchain research and internet lending technology. The company was going to focus its research on internet trust protocols, a field that is very important for peer to peer lending.
Diarong.com’s company spokesman recently told the media that the company was researching on how blockchain technology can best be utilized for credit lending, consumer finance and contract validation. Dianrong.com also says that it had built a self-controllable blockchain infrastructure that allows other similar companies such as banks and manufacturers to join and share and use related information. Dianrong’s blockchain infrastructure also allows the involved companies to share information pertaining to financial trading and asset management.
Dianrong.com’s company spokesman further said that Diarong.com will continue engaging various parties and cooperating partners.
Read more at: FTreporter
The Chinese P2P platform Dianrong.com officially announced it is joining one of the world’s biggest blockchain alliances, the Hyperledger Project. Dianrong.com is the first Chinese P2P company to successfully join the project.
Joining Hyperledger marks an important milestone for Dianrong (formerly SinoLending) as it attempts to make inroads into the blockchain industry. With the implementation of peer to peer regulations, Dianrong says it is dedicated to staying open to various financial technologies.
Dianrong.com’s spokesperson commented that “blockchain technology allows anonymous transactions to take place between two mutually unfamiliar entities, and can thus be used in Internet lending models. Dianrong.com is also researching how blockchain technology can be used in the fields of consumer finance, credit lending, and contract verification.”
Dianrong.com says it has built a self-controllable blockchain infrastructure. “This infrastructure allows other similar companies in the industry, manufacturers and banks, etc. to join, where they can share and utilize related information, as well share information related to financial trading and asset management,” the company states in a press release.
Read more at PR Newswire and Cryptocoins News