Yiren finds big returns in small-loan focus, even as headwinds swirl
The online loan facilitator’s revenue from its main financial services business jumped 46% in the second quarter, as it also sharply raised its bad-loan provisions Key Takeaways: Small revolving loans,…
Qudian’s latest identity delivers big costs, scant rewards
The former online lender is trying its hand at last-mile delivery services in Australia and New Zealand, but a heavy cost structure raises questions about the business model’s viability Key…
NEWS WRAP: FinVolution posts modest revenue gains as international growth slows
The online loan facilitator said its international loan transaction volume grew 41% in the first quarter, slowing from 85% in the previous quarter By Doug Young Online loan facilitator…
PODCAST: Relaxing Data Requirements, and a Big Dividend
China exempts most foreign firms from worrisome data requirements. But will it change its mind later? And a leading fintech lender offers a massive dividend. But shareholders worry more about its rapidly shrinking size.
Investors unimpressed by massive dividend from shrinking Lufax
The online lender’s American depositary shares rose by just $1.11 in the two days after it announced a special dividend of $2.42 per ADS Key Takeaways: Lufax announced a massive…
NEWS WRAP: FinVolution’s international adventure bears fruit
The online lender’s international business grew far faster than its home market last year, accounting for nearly a fifth of its revenue By Teri Yu Shanghai-based fintech FinVolution Group (FINV.US) announced on…
Forget about growth. Qifu shows it’s all about giving back to shareholders
In reporting its earnings for the fourth quarter of 2023, the online loan facilitator unveiled a plan to sharply ramp up its share buyback program Key Takeaways: Qifu’s revenue grew…
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