The spring started out rosy for the Indian arm of ClearScore, a company that offers online credit scores and loans.Within weeks, the coronavirus pandemic had taken hold, drastically changing the picture for the online lending industry in Asia.“In the second week of March, we were talking about what a great quarter it would be and a month later I had to let go of the team,” said Hrushikesh Mehta, country manager for India at ClearScore.P2P: China’s once-booming lending industry must close within…
from South China Morning Post https://www.scmp.com/news/asia/southeast-asia/article/3087312/how-coronavirus-pandemic-has-derailed-asias-booming-online
Wednesday, June 3, 2020
How coronavirus pandemic has derailed Asia’s booming online lending industry, much of it backed by Chinese money
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