Japan's Orix invests $60m in GIC-backed Chinese P2P lender Dianrong

Japan's Orix invests $60m in GIC-backed Chinese P2P lender Dianrong

Dianrong leadership team: (from left to right) CEO Long Hsiang Loh, founder and executive chairman Soul Htite and founder and co-chairman Kevin Guo. Source: Dianrong website

Orix Corp has invested $60 million in peer-to-peer lending platform Dianrong, in what is the Japanese financial firm’s first investment in a Chinese fintech venture as it looks to tap into the fast-expanding sector, sources said.

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