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Finance – FastNews

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…
May 22, 2025
2621.HK

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…
May 20, 2025
3660.HK QFIN.US

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…
May 2, 2025
YB.US
Cango segs from cars to bitcoin

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…
April 7, 2025
CANG.US
Lianlian is a payments company

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)…
March 25, 2025
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…
March 19, 2025
TIGR.US

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…
March 18, 2025
FINV.US
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