Peer-To-Peer Lending: New Risks Surface As P2P Loans Evolve From Niche Novelty To Major Market

Chinese retail giant Alibaba announced this week that it would extend loans to U.S. businesses eager to trade with Chinese manufacturers. But the entity on the money end of the landmark partnership wasn't a household name like Citigroup or Bank of America. Instead, Alibaba joined forces with peer-to-peer borrowing platform Lending Club.