Its business stabilized, Cango signs first customer for its new AI business
The company’s bitcoin mining business held steady in the second quarter, as its first high-performance computing center was ready to receive customers in July Key Takeaways: Cango completed its overhaul…
Canaan gets doubly squeezed in latest crypto downturn
The cryptocurrency mining machine maker’s revenue plunged and its net loss ballooned in the second quarter as its product sales and mining income both tumbled Key Takeaways: Canaan’s revenue from…
Shein’s U.S. buyout hits a political wall, as China’s fintech lenders face ruin
“There’s been a very definite trend of what I would call re-transferring part of the economy from the private sector to the state sector.” — on Beijing’s regulatory retreat from…
Qfin gets frostbite as fintech winter intensifies
The fintech loan facilitator’s second-quarter profit plunged as a funding squeeze in the wake of two major sector scandals forced it to scale back its business Key Takeaways: Qfin’s net…
FinVolution finds balance with prudence at home, growth abroad
The credit-tech platform reinforced its China business with improved risk metrics in the second quarter, while turning its overseas business into a more meaningful profit source Key Takeaways: FinVolution’s risk…
Linklogis swings back to the black amid pivot away from property
The company returned to profitability in the first half of 2026 after three years of annual losses, but whether it can sustain that momentum remains to be seen Key Takeaways:…
Lufax reshuffles board as delisting clock ticks down
Four directors at the Ping An-backed online loan facilitator, including its CFO, resigned as it races to resolve its prolonged Hong Kong trading suspension Key Takeaways: Four Lufax board members…
