Defender “PPDAI”: Study on P2P Online Lending Platform PPDAI

Yingxin Zhang ()
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Yingxin Zhang: Renmin University of China

Chapter Chapter 6 in Inclusive Finance in China, 2021, pp 211-255 from Springer

Abstract: Abstract Being an important force for the development of inclusive finance, P2P online lending shows extremely strong vitality in China. While many P2P platforms in China are changing their business models and transforming themselves into commercial banks, only PPDAI adheres to running a pure online lending platform with no advance payment or offline business. As a defender of this sector, PPDAI has acquired a safe and stable growth but at a rate much lower than that of peers. The important implications of this case include the follows: First, the backward social credit information system constitutes the fundamental reason for the variation of P2P online lending platform business model, and therefore the social credit information system is the lifeline to the healthy development of P2P online lending platforms. Second, an important reason for the market disorder of this industry lies in the lack of law and regulation. It is of great urgency to perfect the laws and strengthen supervision.

Date: 2021
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DOI: 10.1007/978-981-16-1788-1_6

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