Context: Fintech regulators have been cracking down on fraudulent activities and risky financial practices especially in the peer-to-peer (P2P) lending sector, leading to the collapse of many smaller platforms. Survivors, like 9F Group, are under increasingly tight oversight.

https://technode.com/2019/07/26/chinese-fintech-platform-9f-group-files-for-us-ipo-aiming-to-raise-150-million/