A fintech lender rebound, and a hotel mess
Fintech lenders are entering a new golden era, with Jiayin reporting 46% growth for its core consumer lending business in last year's fourth quarter and forecasting similar gains this year. What's driving this rebound? And hotelier H World is still trying to fix a German acquisition from 2019 that wiped out its profit in the fourth quarter of last year. Will the Chinese hotelier be able to turn around this money-losing offshore asset?
Jiayin cashes in on China’s efforts to boost consumer spending
The fintech lender’s revenue from its main business jumped in last year’s fourth quarter as China rolled out a series of measures to stimulate its economy Key Takeaways: Jiayin’s revenue…
BitFuFu rides crypto wave, flexible business model to lofty profits
The provider of digital asset mining services is growing its portfolio of self-operated mining machines and data centers as high crypto prices fuel strong revenue and earnings gains Key Takeaways:…
Soaring stock brokers, and rising tobacco
Online brokers Futu and UP Fintech have recorded banner results, with revenue up by 75% or more for both in the fourth quarter. What's driving the growth, and is it sustainable? And the international arm of China's tobacco monopoly reported 10% revenue growth last year, even as the number of Chinese smokers fell. What's driving the increase?
Qifu shares rally as credit tech takes off
The loan services provider has delighted investors with bumper earnings and an upbeat outlook, only months after fighting off allegations that it overstates its profits Key Takeaways: Qifu reported a…
Cango gets crypto jolt back to revenue growth, profitability
The company, whose main business was previously auto trading, said its revenue skyrocketed in the fourth quarter after its move into bitcoin mining Key Takeaways: Cango’s revenue rose more than…
Baige flies into IPO on demand for its popular – but costly – insurance risk services
The company has filed to list in Hong Kong after substantially growing revenue in the last two years, but at very thin margins Key takeaways: Baige has filed for a…
Recent Articles
JL Mag fortified by strategic status of rare earths in U.S.-China trade war
6680.HK
300748.SHE
Joinn Labs undermined by AI as FDA phases out animal drug testing
6127.HK
603127.SHG
RELATED ARTICLES
-
Yunji rides robotics wave to Hong Kong IPO with A-list of backers
- Waton plays up fintech transformation, though without much evidence
-
Noah’s development arc takes overseas turn as life at home only gets tougher
6686.HK NOAH.US
-
Jiayin cashes in on China’s efforts to boost consumer spending
JFIN.US
-
Baozun returns to the black as Gap expansion accelerates
9991.HK BZUN.US
- Fourth time lucky? Shum Yip Property files new IPO application
-
SPONSORED: ARK Wealth outlines global asset allocation strategies at inaugural flagship summit
6686.HK NOAH.US
