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Yirendai Obtains Institutional Funding from Goldman Sachs; Stock Drops

CapitalWatch Staff 2018-11-19 14:56 PM
Yirendai Obtains Institutional Funding from Goldman Sachs; Stock Drops

Yirendai Ltd. (NYSE: YRD), a fintech company in China, announced today that Goldman Sachs has provided the company with 324 million yuan of funding for a term of 3 years. "We are very excited to see the substantial progress we have made in developing institutional relationships," commented Mr. Dennis Cong, Chief Financial Officer of Yirendai.