When crowdfunding emerged in the United Kingdom around 2007, few can imagine that 10 years later China will be the largest crowdfunding market in the world. Peer-to-peer (P2P) lending in China started picking up in 2011 to reach a market volume of United States (U.S.) 52.44 billion dollars in 2015. It surpassed the U.S. 100 billion dollars threshold a year later, thus leaving North America far behind as the second largest global market with a modest...
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2017/07/01
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Brief
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119207
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1
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1
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2017/09/07
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Disclosed
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Crowdfunding in China : the financial inclusion dimension
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P2P lending
Citation
Aveni,Tyler Jackson; Jenik,Ivo.
Crowdfunding in China : the financial inclusion dimension (Chinese). CGAP brief Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/933451504765053096