Comment on China’s P2P Lending Turnover Hits US$13B in 2014 H1 by 中国2014年上半年 P2P 借贷业务交易额达130亿美元 | 动点科技

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-07-11 00:00:00

The turnover of Chinese P2P lending industry reached 81.8 billion yuan (around US$13 billion) in the first half of this year, according to the latest report released by Wangdaizhijia, a leading Chinese information portal website of P2P online loan industry. The turnover for the whole year is expected to reach 202 billion yuan, the report added. In 2014 H1, the number of Chinese P2P lending platforms increased steadily at a monthly compound growth rate of 6.11% to 1,184. This figure is going to vary between 3 to 6 months in the near future, according to the report. The number of Chinese P2P investors and borrowers stood at 442K and 189K, respectively, surging to 780K and 500K by the end of this year, according to the report.