According to Aiqi's inquiry, Paipai Loan was established in June 2007. The full name of the company is "Shanghai Paipai Loan Financial Information Service Co., Ltd." and its headquarters is located in the international financial center Shanghai. It is the first online credit lending platform in China and a well-known platform in peer-to-peer lending, providing users with fast and portable loan services. The platform provides personal loans, credit card repayment and other financial services by using Internet technology.