How do you say Peer-to-peer in Mandarin?
One more update on P2P lending: here is a Chinese P2P lending project called PPDAI. It turns out that most lending in China (not much of a surprise) is P2P (the old-school, IRL type), usually between relatives. Most Chinese don't have access to bank financing, apparently. This could be amazing to watch: 1.3 Billion peers... wow.Labels: banking, banks, china, collaboration, community, culture, Empowerment, family, money, socialnetworking, web2
posted by Fergusson at 7/30/2007 04:53:00 PM
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2 Comments:
dunno if someone already commented, but a fella named Tim Draper (VC who did Hotmail, Skype, etc) likes the Social Lending idea. Check out www.zopa.com
See you in Whistler.
mc
Thanks for the tip. I'm looking forward to the Whistler event. This P2P lending trend is right on topic for my talk. I think smart companies are acknowledging the growing undercurrent of "disestablishmentarianism" (to co-opt a word) throughout our culture, and are finding ways to facilitate, rather than control, the conversation between people.
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