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Xiaoniu88.com
Xiaoniu88.com is a Fintech company
About Xiaoniu88.com
Xiaoniu88.com, which operated under the name Xiaoniu Online (小牛在线), was the primary online presence for Xiaoniu Capital Management Group, a firm positioned within the peer-to-peer (P2P) lending and wealth management sector in China. The company was established in 2013 by its founder and controller, Peng Tie, who crafted a compelling narrative of his journey from a rural background to a financial magnate to build the firm's brand. Peng, a graduate of Hunan University and holding a master's degree in finance from Sun Yat-sen University, had a career in banking and non-bank financial institutions before founding Xiaoniu Capital.
The business model centered on attracting capital from the general public through its online P2P platform, Xiaoniu88.com, and other related entities like "Xiaoniu Qian Guan Zi". It offered various investment products, including high-yield, short-term transferable loans, which created a facade of high liquidity. These funds were presented as investments in various underlying assets, but the operation functioned as a Ponzi scheme, using capital from new investors to pay returns to earlier ones. The company targeted a wide demographic of emerging and middle-class investors in China.
From 2013 to 2021, the firm, under Peng Tie's direction, illegally raised approximately 102.6 billion RMB from over 1.31 million individuals. However, the business was unsustainable, marked by a high bad-debt rate and a significant funding gap known to the management. In May 2020, Xiaoniu Online announced a "benign exit" from the P2P market, but it failed to meet its repayment obligations, with a substantial portion of the principal remaining unpaid. Subsequently, in January 2021, authorities launched an investigation into the company for illegal fundraising. In July 2023, Peng Tie was sentenced to life in prison for fraudulent fundraising and illegal absorption of public deposits, with other executives also receiving prison sentences, bringing an end to one of China's major P2P platform collapses.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2013
- Headquarters
- Shenzhen, China
- Open positions
- None listed
- Dealroom signal
- 18.0/100
- Industry
- Fintech
- Sub-industry
- Financial Management Solutions
- Sector
- Fintech, Financial Service
- Links
- Website
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES AOther financing | Nov 2018 | $58M | $231M | Chinese Entrepreneur Association (CEA) | — |
Growth signals
Latest recorded traffic for Xiaoniu88.com is 3.1K monthly website visits, up 355.9% over the last three months.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Chinese Entrepreneur Association (CEA)
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about Xiaoniu88.com on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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