360 DigiTech’s mediocre dividends, unexciting growth leave investors uninspired
The online loan facilitator is struggling to maintain steady dividends as its net profit declines on faltering revenue growth Key Takeaways: 360 DigiTech kept its dividend steady in last year’s…
Fintech Lufax Seeks Dual Listing as Pandemic Hits Profits
Ping An-backed Lufax has applied to have its shares traded in Hong Kong as well as the U.S., following in the footsteps of dual-listed fintech firms OneConnect and 360 DigiTechKey…
Stuck in Covid-Induced Hardship, Lufax Loan Portfolio Shrinks for First Time
The online loan facilitator is bearing more credit risk as its use of third parties to insure and guarantee the loans it brokers becomes costlierKey Takeaways:Lufax’s revenue and profit fell…
Online Loan Facilitators Enter ‘Risk Management Mode’ as Times Get Tough
Lexin, 360 DigiTech and FinVolution are turning their focus to high-quality borrowers at the expense of revenue growth to shield themselves from growing default risksKey Takeaways:Lexin and 360 DigiTech reported…
Qudian in Search of a Business as Stock Returns to Penny Territory
The former fintech highflyer was warned a third time about possible delisting this year after its stock fell below $1 on the failure of its latest new foray into the…
FinVolution Picks Up the Pace in Its Global Expansion
The fintech lender announced a major boost in the size of the borrowing facility from its Indonesia partner, though the expanded amount is still small at around $30 million Key…
Credit, Anyone? China’s Online Loan Platforms Get Stuck as Quality Borrowers Dwindle
Three online loan facilitators reported second-quarter profit declines of varying degrees, as China’s slowing economy forced them to prioritize risk management over revenue growth Key Takeaways: FinVolution’s revenue growth slowed…
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