Renrendai disbursals in Q2 hit $1.4 billion

Renrendai.com, China's leading peer-to-peer lending company, had total transactions worth 9 billion yuan ($1.4 billion) by the end of the second quarter, and they could reach 15 billion by the end of this year, according to its half-year report.

Its transaction volume totaled 3.2 billion yuan during the first half of the year, a 186 percent increase year-on-year, the report showed.

"We regard transaction volume as an important goal, but we also pay close attention to risk control and product innovation," said Yang Yifu, its chairman.