China based provider of digital consumer credit services in China through its loan marketplace plans to raise $150m from a US IPO.
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Chinese fintech platform 9F files for IPO
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.
