Chinese investors are turning to international peer-to-peer lending platforms in search of higher returns, as competition in the fast-growing alternative finance sector heats up.
Beijing Kunlun, a Chinese-listed technology company, has struck a deal to back British P2P platform LendInvest with a ￡22m investment.
The deal, which represents the first round of external funding in LendInvest, is the latest in a number of recent tie-ups involving Chinese companies seeking to tap burgeoning P2P sectors in the UK and US.
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