Online lenders cool as China’s economic rebound wobbles
Lufax, Qifu and FinVolution face difficulties growing while also managing risk in a slowing economy, their latest quarterly results show Key Takeaways: Online loan facilitators Lufax and Qifu both reported…
LU.US
QFIN.US
FINV.US
Qudian unveils last-mile delivery transformation plan
The former Chinese online consumer lender revealed it began trialing a new last-mile delivery service in Australia and New Zealand at the end of last year Key Takeaways: Qudian announced…
QD.US
China Renaissance in ‘most challenging period since its establishment’ amid founder’s absence
The investment bank’s revenue fell in the first half as weak demand due to economic uncertainty caused its income from advisory services for private share sales to plunge Key Takeaways:…
1911.HK
Futu charges ahead in Singapore in stepped-up global expansion
The online broker’s client assets under management in the city state posted a fourth consecutive quarter of sequential double-digit gains in the three months to June Key Takeaways: Futu’s total…
FUTU.US
Cango zooms in second quarter, but sees bumpy road ahead
The car trading platform operator’s revenue more than doubled in the three months to June, representing its first growth in nearly two years Key Takeaways: Cango reported its first quarter…
CANG.US
NEWS WRAP: OneConnect’s losses narrow as cost cuts offset revenue decline
The provider of technology products and services to banks and insurers blamed a “lagging” business recovery for its 14% revenue decline in the three months to June By Doug…
OCFT.US
6638.HK
ZhongAn rides China’s early 2023 upswing back to profits
The digital insurer says it returned to the black, as it clocked its fastest revenue growth since 2017 in the first seven months of this year Key Takeaways: ZhongAn expects…
6060.HK
