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Case HBS Case Collection October 2014 CreditEase: Providing Credit and Financial Services for China's Underclass |
In 2013 Ning Tang, who in 2006 founded CreditEase as a broker of P2P loans to unbanked individuals and small businesses in China, confronts the challenges of rapid growth and expansion in a changing regulatory environment. CreditEase needs to develop technology to manage its growth, address issues related to the company's expansion into products and services for China's growing high net worth (HNW) population, including questions about the suitability of its products and its vulnerability to bad debt losses and a potential leveling off of the growth in China's economy, and adjust to new and more intensive regulatory oversight. What should Tang do to position CreditEase so that it can continue to fulfill its mission of making financial products and services available to millions of underserved Chinese while branching out into other, potentially riskier lines of business and ensuring continuing compliance with evolving laws and regulations? Will its rapid growth be sustainable?
Keywords: P2P Lending; HNW products and services; Business growth; Business Start-ups; law; Government Regulation; change management; credit; Microcredit; Financing and Loans; banking; Innovation and Management; Developing Countries and Economies; Corporate Entrepreneurship; Social Entrepreneurship; Law; Financing and Loans; Change; China;
Goldberg, Lena G., Paul Healy, and Nancy Hua Dai. "CreditEase: Providing Credit and Financial Services for China's Underclass." Harvard Business School Case 315-027, October 2014.
