Shanda Group, a Chinese private equity firm, has acquired 15% stake in US-based Lending Club.
Singapore-based private investment firm Shanda Group, led by Chinese billionaire Chen Tianqiao, reported a 15.13 percent in Lending Club as of June 16, up from 11.7 percent reported on May 11. Lending Club is an online credit marketplace. Since launching in 2007, its platform has facilitated $16 billion in consumer loans. Shanda Group is an investment group founded by Chairman and CEO Tianqiao Chen and his family in 1999 and was the first Chinese online gaming company listed on the NASDAQ in 2004.
To see a list of investors from China similar to Shanda Group, check the Chinese Investors Directory.
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