Shanda’s Chen Tianqiao Buys 11.7% Stake Of Lending Club

Tianqiao-ChenChinese billionaire Chen Tianqiao, the co-founder of Shanda Interactive Entertainment Ltd., has bought a 11.7% stake in Lending Club Corp, as the largest P2P (Peer-to-Peer) lender in the world seeks funding after alleged lending improprieties pushed its founder Renaud Laplanche to resign. Singapore-based private investment group Shanda Group, controlled by Chen Tianqiao and his wife, […]

Visit for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Read the original article: China Money Network