Since private lending and Internet finance are growing rapidly in China, peer-to-peer (P2P) lending risks have been increasing. W&B was recently engaged by the Qingdaofu Debt Management Platform (established by Direct Invest Asset Management Co., Ltd.) to provide services to users from various sectors who seek legal help on the platform. W&B partner Min Zhu attended the platform launch and the signing ceremony on behalf of W&B.

As a Level I Bankruptcy Administrator appointed by the Shanghai High People’s Court, W&B is dedicated to providing flexible solutions and enforcement assistance in connection with liquidation and restructuring, winding up, consolidation and debt collection on behalf of various types of creditors, debtors and corporations. This engagement represents yet another example of participation in the “Internet Plus” initiative by W&B and a financial institution.