Meituan-Dianping Wins Regulatory Approval for Private Bank, Small Loans Business
Sina Tech, 12/27/16
The China Banking Regulatory Commission (CBRC) has granted approval to Jilin-based private bank Yilian Bank, of which Meituan-Dianping, the company formed by the merger of group buy site Meituan.com and online ratings site Dianping.com, is the parent company. Meituan-Dianping also recently received a license to operate a small loans business.
The license will allow Meituan-Dianping to develop a financial services business aimed at merchants, stated a spokesperson for the company.
Keywords: Internet Yilian Bank license wireless China Banking Regulatory Commission financial services Meituan-Dianping online lending
Sending
