What was the growth rate of YRD's lending business in 2019-Q3 compared to the previous quarter
ate into a much better business skill in the future. And we have also noticed that some of these non-P2P product investors are actually tend to be the larger OEM customers, they actually have a deeper pocket in maintenance take on more volume as we kind of [Technical Issues] are funding from [Technical Issues].
So from growth prospect near term, we will maintain even though we're back in the growth mode, but we'll probably still more control growth mode and you know that this is a risk business that you don't want to overrun. And also we still expect certain volatilities in the industry as some of the non qualified P2P platform are being phasing out. So we're still cautious, but we feel outside operations were confident given the growth, but the growth, it's probably [Technical Issues] growth mode. Into next year, we don't have the guidance yet, but as maybe when we are [Technical Issues] provide more clarity with the first half of next year how we see the [Technical Issues] like that.
Ning Tang -- Chief Executive Officer
Yeah, let me also add that strategically our wealth management business is as important as our lending business and we've -- the parent company are quite eager as, yeah, as those been impressive business serving high net worth, ultra high net worth investors in China and our -- this did -- company Yiren Digital is leveraging the capabilities developed through that process to better serve the mass affluent investor community in China. Yeah, I think this is highly differentiated business model and we strive to build a leading wealth management business [Technical Issues].
Alex Ye -- UBS -- Analyst
Okay, thanks.
Operator
Our next question comes from John Cai from Morgan Stanley. Please go ahead.
John Cai -- Morgan Stanley -- Analyst
Hi, thank you for taking my questions again. So it's very quick follow-up, I think I saw the -- there was one division, there was a spin-off from the company in 3Q. Just wonder if there is any more details or colors about that Division. Thank you.
Dennis Cong -- Senior Vice President-Strategic Corporate Business Development & Capital Markets
I think that's a very small business, yeah, it's very, very small business. Yeah, it's actually a historical business that we have, that's only stop -- actually stopped operation in 2016. So it was just that from transaction perspective that -- yeah. So, yeah, there is very small business residues that has not been fully separate, so which has conducted separation in the quarter.
John Cai -- Morgan Stanley -- Analyst
Thank you.
Dennis Cong -- Senior Vice President-Strategic Corporate Business Development & Capital Markets
Yeah, it's a discontinued business. Yeah, it's just that when we first complete the transaction, business realignment, we had included them in, but now given this discontinued business, so which is complete -- separate, yeah.
John Cai -- Morgan Stanley -- Analyst
Got it.
Dennis Cong -- Senior Vice President-Strategic Corporate Business Development & Capital Markets
Thanks.
Operator
[Operator Instructions] As there are no further questions, I'll pass back to management for closing remarks.
Lydia Yu -- Investor Relations Manager
Thanks everyone for joining the call today. This concludes our third quarter 2019 earnings conference call.
Operator
[Operator Closing Remarks]
Duration: 31 minutes
Call participants:
Lydia Yu -- Investor Relations Manager
Ning Tang -- Chief Executive Officer
Dennis Cong -- Senior Vice President-Strategic Corporate Business Development & Capital Markets
John Cai -- Morgan Stanley -- Analyst
Eddie Zhou -- Credit Suisse -- Analyst
Alex Ye -- UBS -- Analyst
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ate into a much better business skill in the future. And we have also noticed that some of these non-P2P product investors are actually tend to be the larger OEM customers, they actually have a deeper pocket in maintenance take on more volume as we kind of [Technical Issues] are funding from [Technical Issues].
So from growth prospect near term, we will maintain even though we're back in the growth mode, but we'll probably still more control growth mode and you know that this is a risk business that you don't want to overrun. And also we still expect certain volatilities in the industry as some of the non qualified P2P platform are being phasing out. So we're still cautious, but we feel outside operations were confident given the growth, but the growth, it's probably [Technical Issues] growth mode. Into next year, we don't have the guidance yet, but as maybe when we are [Technical Issues] provide more clarity with the first half of next year how we see the [Technical Issues] like that.
Ning Tang -- Chief Executive Officer
Yeah, let me also add that strategically our wealth management business is as important as our lending business and we've -- the parent company are quite eager as, yeah, as those been impressive business serving high net worth, ultra high net worth investors in China and our -- this did -- company Yiren Digital is leveraging the capabilities developed through that process to better serve the mass affluent investor community in China. Yeah, I think this is highly differentiated business model and we strive to build a leading wealth management business [Technical Issues].
Alex Ye -- UBS -- Analyst
Okay, thanks.
Operator
Our next question comes from John Cai from Morgan Stanley. Please go ahead.
John Cai -- Morgan Stanley -- Analyst
Hi, thank you for taking my questions again. So it's very quick follow-up, I think I saw the -- there was one division, there was a spin-off from the company in 3Q. Just wonder if there is any more details or colors about that Division. Thank you.
Dennis Cong -- Senior Vice President-Strategic Corporate Business Development & Capital Markets
 I think that's a very small business, yeah, it's very, very small business. Yeah, it's actually a historical business that we have, that's only stop -- actually stopped operation in 2016. So it was just that from transaction perspective that -- yeah. So, yeah, there is very small business residues that has not been fully separate, so which has conducted separation in the quarter.
John Cai -- Morgan Stanley -- Analyst
Thank you.
Dennis Cong -- Senior Vice President-Strategic Corporate Business Development & Capital Markets
Yeah, it's a discontinued business. Yeah, it's just that when we first complete the transaction, business realignment, we had included them in, but now given this discontinued business, so which is complete -- separate, yeah.
John Cai -- Morgan Stanley -- Analyst
Got it.
Dennis Cong -- Senior Vice President-Strategic Corporate Business Development & Capital Markets
Thanks.
Operator
[Operator Instructions] As there are no further questions, I'll pass back to management for closing remarks.
Lydia Yu -- Investor Relations Manager
Thanks everyone for joining the call today. This concludes our third quarter 2019 earnings conference call.
Operator
[Operator Closing Remarks]
Duration: 31 minutes
Call participants:
Lydia Yu -- Investor Relations Manager
Ning Tang -- Chief Executive Officer
Dennis Cong -- Senior Vice President-Strategic Corporate Business Development & Capital Markets
John Cai -- Morgan Stanley -- Analyst
Eddie Zhou -- Credit Suisse -- Analyst
Alex Ye -- UBS -- Analyst
More YRD analysis
All earnings call transcripts




