Soul Htite, co-founder of Lending Club and its Shanghai-based counterpart Dianrong, shared with us his insights on the differences between the U.S. and Chinese P2P lending industry, risk control measures and prospects of the sector in China in a backstage interview during TechCrunch Beijing last week. TechNode: What’re the differences between Lending Club and Dianrong, as well as the U.S. and Chinese P2P industry? In terms of targeted clients, firstly, the U.S. users tend spend borrowed money in consumption, like attending parties, while Chinese users will invest borrowed money in education. A lot of Chinese P2P and P2B platforms act as capital pools, but Dianrong is operated as platform. I think Chinese P2P industry will become more regulated in three to four years.