Ypiao.com, operated by Shanghai Plan Financial Services Co., Ltd., was established as an internet finance platform in China, specializing in the discounting and investment of commercial acceptance bills. The platform aimed to connect businesses holding these bills with investors seeking returns, essentially creating a marketplace for supply chain financing. However, in late 2018, the company came under police investigation for alleged illegal fundraising and its operations were shut down, with its executives arrested, marking its collapse as part of a broader crackdown on the P2P lending industry in China.

Founded in

China