Renrendai.com

Renrendai is a Beijing-based company that operates an online platform offering peer-to-peer lending services. Founded in 2010, it provides intermediary information services related to lending as well as direct credit and loan services. The platform primarily targets white-collar workers and small business owners, charging borrowers a management fee of 0.3% of the loan amount and a service fee of up to 5% for higher-risk clients. Renrendai's loans yield returns between 10% and 18%, significantly higher than traditional bank deposits. The company employs a risk management strategy that assesses borrowers' income, occupation, assets, and family connections to mitigate default risks. As of the third quarter of 2013, Renrendai's transaction capital reached approximately US$81.2 million, and its service network spans over 2,000 regions.