China's Leading Peer-lending Service Needs To Live Up To Its Name

CreditEase, a Chinese peer-to-peer (P2P) lending service, has been the subject of negative publicity of late. In April, the company was accused of concealing from investors of enormous amount of bad debt, which was subsequently denied by the company. Yesterday, Global Entrepreneur, a business magazine, ran an article that portrayed the company in even less flattering terms, comparing Ning Tang, CreditEase’s founding CEO with Bernard Madoff, the man behind the largest ponzi scheme known to huma...