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…
NEWS WRAP: Investor approaches Cango for control of the company
The car trader that recently shifted to bitcoin mining said a group wants to buy a controlling stake from Cango’s co-founders By Doug Young Cango Inc. (CANG.US) said on…
BRIEF: Futu profit doubles on heavy trading during stock market rally
Online brokerage Futu Holdings Ltd. (FUTU.US) said on Thursday its revenue jumped 86.8% in the fourth quarter to HK$4.43 billion ($570 million), fueled by higher trading volumes as investors rushed…
BRIEF: Sinolink posts 2024 profit on one-time gains
Property developer and financial investor Sinolink Worldwide Holdings Ltd. (1168.HK) said on Tuesday it recorded a profit last year, defying China’s property downturn, thanks to one-off gains. The company said…
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