GoFintech’s soaring valuation on ‘buzzword of the day’ approach masks low-margin reality
The financial services provider has rebranded and pivoted toward high-tech buzzwords, but it relies on low-margin supply chain brokerage services for most of its business Key Takeaways: GoFintech’s has agreed…
Extransfer seeks Hong Kong IPO as accounting losses hide a cash cow
The business payment specialist boasts rapid revenue growth and a superb gross profit margin, even as it lost money last year due to non-operational factors Key Takeaways: Hong Kong IPO…
China’s changing consumer economy: A fintech lending crackdown and a toothpaste IPO
"Young Chinese today think nothing of buying just anything that they need on an app and getting it delivered to their door 30 minutes later." Rene Vanguestaine Key Takeaways: A…
Yiren, Qfin swept up in latest fintech lending crackdown
China's latest move against predatory lenders is crippling legitimate loan facilitators like Yiren and Qfin by imposing a strict interest rate cap Key Takeaways: Yiren Digital plunged into the red…
Futu delivers more blockbuster results as pivot from China pays off
The online brokerage gained significant traction in its new markets in the fourth quarter, just three years after hitting a regulatory brick wall in its original home China market Key…
Its accounting scandal wrapping up, Lufax faces bigger challenge from China’s economy
The loan facilitator revealed previously undisclosed transactions and changed its CEO as it tries to resume trading of its Hong Kong shares after a year-long suspension Key Takeaways: Lufax disclosed…
Qfin goes from fintech stud to dud as new regulations kick in
The online loan facilitator posted weak third-quarter results and was downbeat on the final three months of the year, contrasting with a strong finish to 2024 Key Takeaways: Qfin’s revenue…
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Yiren, Qfin swept up in latest fintech lending crackdown
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Qfin goes from fintech stud to dud as new regulations kick in
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