Core Viewpoint - The recent court ruling highlights that P2P lending platforms, such as Jiufu Puhui, are classified as information intermediaries and are not liable for repayment to lenders, as they do not engage in direct lending relationships [1][3]. Group 1: Legal Context - According to Chinese laws and regulations regarding private lending and online lending management, P2P platforms are not considered actual borrowers [1]. - In a case involving a lender named Wang, the court ruled that there was no established private lending contract between Wang and Jiufu Puhui, affirming the platform's role as an intermediary [1]. Group 2: Court Ruling Details - The Supreme Court determined that Wang did not actually lend money to Jiufu Puhui, nor did Jiufu Puhui lend money to borrowers, thus establishing a contractual relationship based on intermediary services [1]. - The court rejected Wang's claim for repayment, stating that Jiufu Puhui is not legally obligated to repay the loan amount [1]. Group 3: Industry Practices - P2P lending platforms utilize big data and artificial intelligence to effectively match funding supply and demand, addressing the challenges faced by small enterprises and individual borrowers [3]. - Some platforms are now implementing localized collection lawsuits to enhance recovery efforts from overdue borrowers, which is seen as a positive development for lenders [3].