China’s debt collectors focus in on $200bn P2P debt pile

Rising defaults open door to start-ups using new technology to recover tardy loans. Debt collectors in China are harnessing new technologies such as artificial intelligence in a bid to collect on an estimated Rmb1.3tn ($200bn) debt bubble that has formed in the country’s peer-to-peer lending industry. Thousands of online businesses connecting private lenders to people … https://on.ft.com/2Jrq8zm

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