Why did Xintoubao go out of business?

The operation is more difficult. In the process of risk change, the operational risks faced by P2P platform have obviously increased. One of the factors is the borrower's malicious evasion of debt. The evasion of debts directly leads to the difficulty of platform payment, and the platform often falls into a vicious circle, making it more difficult to do business on the capital side, rising costs and increasing bad debts. The difficulty of continuous operation of the platform is gradually increasing, and it is impossible to continue without support. Therefore, Xintoubao is closed. Xintoubao is affiliated to Shenzhen Xintou Online Financial Information Service Co., Ltd., providing investors with P2F person-to-person financial institutions, P2B person-to-person business types and Internet financial management service platforms.