Chinese billionaire Chen Tianqiao, the co-founder of Shanda Interactive Entertainment Ltd., has bought a 11.7% stake in Lending Club Corp, as the largest P2P (Peer-to-Peer) lender in the world seeks funding after alleged lending improprieties pushed its founder Renaud Laplanche to resign. Singapore-based private investment group Shanda Group, controlled by Chen Tianqiao and his wife, […]
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