Founded in 2014, Duanrong (operated by Beijing Jiu Yi Asset Management Co., Ltd.) was an online peer-to-peer lending platform based in China. The company's primary business was to connect individual investors with borrowers, focusing specifically on providing loans collateralized by vehicles. Amid a nationwide regulatory crackdown by the Chinese government on the P2P lending industry, Duanrong announced a "benign exit" from its P2P operations around late 2019, ceasing its core business activities.

Founded in

China