Founded in 2012, Tuandaiwang (团贷网) grew to become one of China's most prominent P2P online lending platforms. The company's primary business was to connect individual investors with borrowers (individuals and small businesses) through its online marketplace, facilitating loans and offering investment products with promised returns. At its peak, it was part of a larger conglomerate, Paiatou Group. The company's operations came to an abrupt end in March 2019 when it was placed under investigation by Chinese authorities as part of a nationwide crackdown on the P2P lending industry. The investigation revealed a massive fraudulent scheme, leading to the company's closure and the prosecution of its executives.

Founded in

China