CreditEase, China’s top peer-to-peer lending website, received votes of confidence from two important constituencies at the end of 2011: Wall Street and the Communist party.
Morgan Stanley’s private equity arm for Asia invested in the P2P company, following the lead of Kleiner Perkins Caufield and Byers, a Silicon Valley venture firm.
And Tang Ning, CreditEase’s gregarious founder, was named an Outstanding Chinese Communist Party Member – a public honour for a private businessman.
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