BRIEF: Shouhui launches $25 million IPO as revenue falls, loss narrows
Insurance distributor Shouhui Group Ltd. (2621.HK) launched its Hong Kong IPO on Thursday, aiming to sell 24.36 million shares priced between HK$6.48 and HK$8.08 to raise up to HK$196 million…
BRIEF: Stimulus policies fuel 54.6% jump in Qifu’s quarterly profit
Online lending services provider Qifu Technology Inc. (QFIN.US; 3660.HK) reported on Monday its revenue rose 12.94% year-on-year to 4.69 billion yuan ($653 million) in the first quarter. Its net profit…
BRIEF: Yuanbao raises $30 million in Nasdaq IPO
Shares of online insurance distributor Yuanbao Inc. (YB.US) rose 6.4% in their trading debut on the Nasdaq on Wednesday, only to give back all the gains the next day to…
NEWS WRAP: Cango agrees to sell China-based business
The $352 million sale could pave the way for a Singapore-linked entity to take control of Cango as it transitions from car trader to bitcoin miner By Doug Young…
NEWS WRAP: Lianlian DigiTech’s revenue surges on payment network expansion
The digital payment service provider’s revenue rose 28% last year as its global payment network and customer base continue to expand By Teri Yu Lianlian DigiTech Co. Ltd. (2598.HK)…
BRIEF: UP Fintech’s profit surges on stock market rally
Online brokerage UP Fintech Holding Ltd. (TIGR.US) said its non-GAAP profit soared to a record $30.5 million in the fourth quarter, up from $1.1 million a year earlier, fueled by…
BRIEF: FinVolution profit jumps on gains in loan facilitation, international revenue
FinVolution Group (FINV.US) reported on Monday its revenue rose 7.2% year-on-year in last year’s fourth quarter to 3.46 billion yuan ($478 million), while its net profit jumped 29% to 681…
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