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…
OneConnect Inches Closer to Profits Under Leadership of New Chairman
The technology-as-a-service provider’s net loss narrowed substantially in the second quarter, as it continues trying to cut costs and expenses Key Takeaways: OneConnect’s revenue increased 17% in the second quarter,…
China’s Economic Slump Leaves Internet Lenders Battling Bad Loans
360 DigiTech, FinVolution and Lexin all reported first-quarter net profit declines and growing delinquent loans, amid a grim outlook for China’s economy Key takeaways: • 360 DigiTech and FinVolution posted…
