Dianrong scales down its business amid regulatory crackdown
China-based peer-to-peer (P2P) lender Dianrong has laid off as many as 2,000 employees
will shut down 60 of its 90 brick-and-mortar outlets, which helped verify the identities and qualifications of users,
according to Bloomberg, citing people familiar with the matter.
Business Insider
https://www.bloomberg.co.jp/news/articles/2019-03-01/PNOGFO6KLVS001?srnd=cojp-v2