China in 2 minutes a day
Top news and analysis delivered to your inbox

China’s online lenders look at potential borrowers’ social media contacts to assess credit risk

2 months ago
Sky Canaves
If we find you are friends with celebrities from the entertainment or finance industries, we think you must be to some extent trustworthy …  since otherwise you wouldn’t have such friends,” says the co-founder of one of China’s top peer-to-peer lending firms.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.

More from SupChina

Sinica backgrounder: The truth about the Chinese economy, from debt to ghost cities
Reading list for the October 27 Sinica Podcast, a discussion with the investment strategist Andy Rothman on common media misconceptions about the Chinese economy and where it's headed. Read more
Oct 25, 2016