Lufax takes on more risk, makes Hong Kong acquisition, as its lending shrivels
The online loan facilitator’s revenue plunged 39% in the third quarter, as its loan delinquency rates rose sharply from a year earlier Key Takeaways: Lufax’s new loan originations fell 59%…
6623.HK
LU.US
Online lenders cool as China’s economic rebound wobbles
Lufax, Qifu and FinVolution face difficulties growing while also managing risk in a slowing economy, their latest quarterly results show Key Takeaways: Online loan facilitators Lufax and Qifu both reported…
LU.US
QFIN.US
FINV.US
FAST NEWS: Linklogis falls into the red as customers struggle
The latest: Supply chain financing solutions provider Linklogis Inc. (9959.HK) announced last Friday it expects to record a net loss between 165 million yuan ($22.7 million) and 175 million yuan in the…
9959.HK
FinVolution’s low-key overseas expansion pays dividends
The fintech lender’s overseas revenue surged in the first quarter, outshining mediocre results for its core China-based business Key Takeaways: FinVolution’s revenue from its overseas businesses surged 165.8% in the…
FINV.US
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…
3660.HK
QFIN.US
FAST NEWS: OneConnect Cashes Out of Non-core Business
The latest: Financial technology service provider OneConnect Financial Technology Co. Ltd. (OCFT.US; 6638.HK) on Thursday said it sold its 40% stake in Puhui Lixin to Puhui Management, a company principally…
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…
