Business trendsChina's peer-to-peer lenders fight for survival
Government clampdown on credit cools once-hot business
Yindou shut down last summer, leaving its individual investors unable to withdraw their funds. Hundreds of more players in this niche lending market are forecast to go out of business this year, one researcher says. © AP
YUSHO CHO, Nikkei staff writer
February 18, 2019 06:02 JST
SHANGHAI -- China's peer-to-peer lenders face a Darwinian struggle for survival in 2019 with the number of operators expected to plunge dramatically for a second consecutive year amid the government's continuing crackdown on these private online financial services providers.