Category : science

by Heidi Harley - 5 years ago

Yidai Shuts Shop Amid China Crackdown on P2P Lenders

The company set up a committee to start refunding its lenders after “months” of losses, Yidai said in statements over the extended holiday weekend. Yidai, which received investment from SB China Capital (SBCVC) in 2014, also said shareholders and ex...

by Heidi Harley - 5 years ago

China P2P Lending Crackdown May See 70% of Firms Close

As few as 300 companies will remain by the end of the year, according to an estimate from Shanghai-based Yingcan Group. Chinese leaders are dramatically shrinking a market that spawned the nation’s biggest Ponzi scheme, protests in major cities, and...

by Heidi Harley - 5 years ago

Apple Fallout Hits Europe With AMS, Dialog Semi Dropping

STMicroelectronics NV also declined in Paris, mimicking the pressure that earlier sent down shares in Apple’s suppliers in the U.S. and Asia. “Expect a ton of Apple supplier warnings in coming days,” Neil Campling, analyst at Mirabaud, said in email...