Singapore's Shanda Group picks 11.7% in US-based P2P platform LendingClub

Singapore's Shanda Group picks 11.7% in US-based P2P platform LendingClub

Chinese billionaire Chen Tianqiao has bought a nearly 12 percent stake in LendingClub Corp as the largest U.S. marketplace lender seeks funding after a botched sale of loans spooked some of its biggest investors.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter